Diversify Advisory Services LLC Makes New Investment in Blue Owl Capital Inc. $OWL

Diversify Advisory Services LLC acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 74,937 shares of the company’s stock, valued at approximately $1,211,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Blue Owl Capital in the second quarter valued at $183,294,000. Vanguard Group Inc. boosted its holdings in shares of Blue Owl Capital by 7.9% in the third quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock valued at $1,149,833,000 after acquiring an additional 4,968,526 shares during the period. HMI Capital Management L.P. boosted its stake in Blue Owl Capital by 276.8% during the 2nd quarter. HMI Capital Management L.P. now owns 5,704,480 shares of the company’s stock worth $109,583,000 after purchasing an additional 4,190,380 shares during the period. Qube Research & Technologies Ltd grew its holdings in shares of Blue Owl Capital by 587.0% during the second quarter. Qube Research & Technologies Ltd now owns 3,033,874 shares of the company’s stock worth $58,281,000 after buying an additional 2,592,231 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Blue Owl Capital by 121.5% in the second quarter. Marshall Wace LLP now owns 4,178,531 shares of the company’s stock valued at $80,270,000 after purchasing an additional 2,291,994 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

OWL stock opened at $9.47 on Wednesday. The company has a 50 day moving average price of $13.21 and a two-hundred day moving average price of $15.28. The stock has a market capitalization of $14.72 billion, a P/E ratio of 94.67, a PEG ratio of 0.82 and a beta of 1.15. Blue Owl Capital Inc. has a one year low of $9.37 and a one year high of $21.88.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $701.47 million for the quarter, compared to analyst estimates of $712.75 million. Blue Owl Capital had a return on equity of 20.93% and a net margin of 2.75%. Research analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 9.5%. Blue Owl Capital’s dividend payout ratio is currently 900.00%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on OWL shares. Oppenheimer dropped their price target on shares of Blue Owl Capital from $24.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Raymond James Financial restated a “strong-buy” rating on shares of Blue Owl Capital in a research report on Thursday, February 19th. Barclays reiterated an “equal weight” rating and set a $11.00 price target (down from $15.00) on shares of Blue Owl Capital in a research report on Monday, March 2nd. Zacks Research lowered Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Finally, TD Cowen restated a “buy” rating on shares of Blue Owl Capital in a report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.