Aquatic Capital Management LLC Purchases 114,564 Shares of Blue Owl Capital Inc. $OWL

Aquatic Capital Management LLC lifted its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 44.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 371,965 shares of the company’s stock after purchasing an additional 114,564 shares during the period. Aquatic Capital Management LLC’s holdings in Blue Owl Capital were worth $6,297,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its holdings in shares of Blue Owl Capital by 117.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after acquiring an additional 867 shares during the last quarter. Activest Wealth Management acquired a new position in shares of Blue Owl Capital in the third quarter valued at approximately $50,000. Headlands Technologies LLC bought a new position in shares of Blue Owl Capital during the second quarter worth approximately $51,000. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Blue Owl Capital by 26.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,970 shares of the company’s stock worth $84,000 after purchasing an additional 1,027 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Blue Owl Capital by 20.3% during the 3rd quarter. Bessemer Group Inc. now owns 4,967 shares of the company’s stock worth $84,000 after purchasing an additional 838 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OWL. Deutsche Bank Aktiengesellschaft lowered Blue Owl Capital from a “buy” rating to a “hold” rating and decreased their price objective for the company from $15.00 to $10.00 in a report on Tuesday, February 24th. TD Cowen reissued a “buy” rating on shares of Blue Owl Capital in a report on Wednesday, January 14th. Piper Sandler reduced their target price on shares of Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Zacks Research downgraded shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Finally, Wolfe Research set a $20.00 price objective on shares of Blue Owl Capital in a research note on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $8.75 on Tuesday. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 87.46, a PEG ratio of 0.77 and a beta of 1.15. Blue Owl Capital Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $21.88. The stock has a fifty day moving average price of $12.69 and a 200-day moving average price of $15.00.

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

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were given a $0.225 dividend. The ex-dividend date was Friday, February 20th. This represents a $0.90 annualized dividend and a dividend yield of 10.3%. Blue Owl Capital’s payout ratio is presently 900.00%.

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.