RDST Capital LLC Has $69.83 Million Position in Blue Owl Capital Inc. $OWL

RDST Capital LLC raised its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 22.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,648,935 shares of the company’s stock after purchasing an additional 1,383,450 shares during the period. Blue Owl Capital comprises about 6.7% of RDST Capital LLC’s investment portfolio, making the stock its 3rd largest position. RDST Capital LLC’s holdings in Blue Owl Capital were worth $69,835,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC lifted its holdings in shares of Blue Owl Capital by 129.4% during the fourth quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock valued at $3,590,000 after purchasing an additional 135,184 shares during the last quarter. Verity & Verity LLC increased its position in Blue Owl Capital by 45.2% during the 4th quarter. Verity & Verity LLC now owns 1,036,594 shares of the company’s stock valued at $15,487,000 after buying an additional 322,530 shares in the last quarter. Renaissance Technologies LLC increased its position in Blue Owl Capital by 2,107.1% during the 1st quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock valued at $55,375,000 after buying an additional 5,790,400 shares in the last quarter. Wealthfront Advisers LLC raised its stake in Blue Owl Capital by 258.8% during the first quarter. Wealthfront Advisers LLC now owns 288,826 shares of the company’s stock valued at $2,637,000 after buying an additional 208,331 shares during the last quarter. Finally, Diversify Wealth Management LLC raised its stake in Blue Owl Capital by 86.3% during the first quarter. Diversify Wealth Management LLC now owns 456,458 shares of the company’s stock valued at $4,053,000 after buying an additional 211,419 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

OWL opened at $9.84 on Wednesday. The company’s 50-day simple moving average is $9.50 and its two-hundred day simple moving average is $10.47. The stock has a market capitalization of $15.29 billion, a P/E ratio of 81.96, a P/E/G ratio of 1.04 and a beta of 1.22. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $20.58.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The firm had revenue of $699.88 million during the quarter, compared to analyst estimates of $687.23 million. Research analysts forecast that Blue Owl Capital Inc. will post 0.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Capital One Financial set a $11.00 target price on Blue Owl Capital in a research note on Monday, July 13th. UBS Group reaffirmed a “neutral” rating and issued a $9.50 price target on shares of Blue Owl Capital in a research report on Thursday, June 11th. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a research note on Thursday, July 9th. Oppenheimer cut their price objective on shares of Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Finally, Barclays reduced their price objective on shares of Blue Owl Capital from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.16.

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.