Evergreen Capital Management LLC Makes New $817,000 Investment in Blue Owl Capital Inc. $OWL

Evergreen Capital Management LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 54,679 shares of the company’s stock, valued at approximately $817,000.

A number of other large investors also recently bought and sold shares of OWL. Boston Partners lifted its holdings in Blue Owl Capital by 121.9% during the 3rd quarter. Boston Partners now owns 12,153,776 shares of the company’s stock worth $205,493,000 after buying an additional 6,677,610 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Blue Owl Capital by 7.9% during the 3rd quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock worth $1,149,833,000 after purchasing an additional 4,968,526 shares during the period. Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of Blue Owl Capital during the 3rd quarter worth approximately $65,174,000. Capital International Investors raised its position in shares of Blue Owl Capital by 3.5% during the 3rd quarter. Capital International Investors now owns 62,726,334 shares of the company’s stock worth $1,061,999,000 after purchasing an additional 2,141,873 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Blue Owl Capital by 8.4% during the 3rd quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock worth $382,008,000 after purchasing an additional 1,751,024 shares during the period. Institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on OWL shares. Citizens Jmp dropped their price target on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a research report on Wednesday. The Goldman Sachs Group dropped their price target on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Evercore set a $14.00 price target on Blue Owl Capital in a research report on Friday, February 6th. Raymond James Financial reiterated a “strong-buy” rating on shares of Blue Owl Capital in a research report on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft cut Blue Owl Capital from a “buy” rating to a “hold” rating and dropped their price target for the stock from $15.00 to $10.00 in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.84.

Blue Owl Capital Price Performance

OWL opened at $9.18 on Friday. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $21.08. The stock has a market cap of $14.26 billion, a P/E ratio of 91.76, a P/E/G ratio of 1.02 and a beta of 1.21. The stock’s 50 day moving average price is $9.63 and its 200 day moving average price is $13.26.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, February 5th. The company reported $0.27 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $701.47 million for the quarter, compared to analysts’ expectations of $712.75 million. Equities analysts anticipate that Blue Owl Capital Inc. will post 0.9 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 9.8%. The ex-dividend date was Friday, February 20th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 900.00%.

Blue Owl Capital Profile

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.