Lalia Capital LLC Purchases New Position in Blue Owl Capital Inc. $OWL

Lalia Capital LLC purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,215,467 shares of the company’s stock, valued at approximately $34,952,000. Blue Owl Capital comprises about 17.0% of Lalia Capital LLC’s investment portfolio, making the stock its largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Edgestream Partners L.P. raised its stake in Blue Owl Capital by 374.3% during the 1st quarter. Edgestream Partners L.P. now owns 254,565 shares of the company’s stock worth $2,324,000 after acquiring an additional 200,896 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Blue Owl Capital by 129.4% in the fourth quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock valued at $3,590,000 after acquiring an additional 135,184 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Blue Owl Capital by 2,107.1% during the first quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock worth $55,375,000 after purchasing an additional 5,790,400 shares during the last quarter. Verity & Verity LLC grew its holdings in shares of Blue Owl Capital by 45.2% during the fourth quarter. Verity & Verity LLC now owns 1,036,594 shares of the company’s stock worth $15,487,000 after purchasing an additional 322,530 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Blue Owl Capital by 38.8% during the first quarter. Royal Bank of Canada now owns 892,317 shares of the company’s stock worth $8,147,000 after purchasing an additional 249,461 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL opened at $11.66 on Friday. Blue Owl Capital Inc. has a one year low of $7.95 and a one year high of $19.29. The stock has a market capitalization of $18.18 billion, a price-to-earnings ratio of 97.17, a PEG ratio of 1.27 and a beta of 1.19. The company has a 50-day simple moving average of $10.07 and a 200-day simple moving average of $10.03.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $693.56 million for the quarter, compared to analyst estimates of $693.15 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. As a group, research analysts forecast that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Thursday, August 13th. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

Wall Street Analyst Weigh In

OWL has been the subject of several research reports. Credit Suisse Group set a $9.10 target price on Blue Owl Capital in a report on Thursday, July 2nd. Keefe, Bruyette & Woods upgraded Blue Owl Capital to a “hold” rating in a research note on Monday, July 20th. Barclays lifted their price target on Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. decreased their price objective on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Finally, Oppenheimer lowered their target price 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. One investment 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.44.

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.