Huntington National Bank Purchases 163,049 Shares of Blue Owl Capital Inc. $OWL

Huntington National Bank boosted its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 33.4% during the 4th quarter, HoldingsChannel reports. The fund owned 650,605 shares of the company’s stock after buying an additional 163,049 shares during the quarter. Huntington National Bank’s holdings in Blue Owl Capital were worth $9,720,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OWL. Roxbury Financial LLC increased its stake in Blue Owl Capital by 383.6% during the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after acquiring an additional 1,400 shares during the period. Halbert Hargrove Global Advisors LLC increased its stake in Blue Owl Capital by 83.5% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 910 shares during the period. Activest Wealth Management acquired a new stake in Blue Owl Capital during the third quarter valued at approximately $50,000. Headlands Technologies LLC acquired a new stake in Blue Owl Capital during the second quarter valued at approximately $51,000. Finally, Western Pacific Wealth Management LP acquired a new stake in Blue Owl Capital during the fourth quarter valued at approximately $58,000. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $9.90 on Friday. The stock’s fifty day moving average price is $9.40 and its two-hundred day moving average price is $12.23. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $21.08. The company has a market cap of $15.39 billion, a price-to-earnings ratio of 82.53, a P/E/G ratio of 1.07 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The firm had revenue of $699.88 million for the quarter, compared to the consensus estimate of $687.23 million. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.92 annualized dividend and a yield of 9.3%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio (DPR) is currently 766.67%.

Analyst Ratings Changes

A number of research firms have weighed in on OWL. UBS Group lifted their price objective on Blue Owl Capital from $9.00 to $9.50 and gave the company a “neutral” rating in a report on Friday, May 1st. BMO Capital Markets decreased their price objective on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. TD Cowen reaffirmed a “buy” rating and set a $14.00 price objective on shares of Blue Owl Capital in a report on Monday, May 18th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Blue Owl Capital in a report on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft downgraded 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.04.

Blue Owl Capital Company 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.