Denali Advisors LLC Acquires Shares of 429,166 Blue Owl Capital Inc. $OWL

Denali Advisors LLC acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 429,166 shares of the company’s stock, valued at approximately $4,665,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth approximately $140,643,000. William Blair Investment Management LLC purchased a new position in Blue Owl Capital in the 4th quarter valued at $113,782,000. Boston Partners grew its position in Blue Owl Capital by 121.9% in the 3rd quarter. Boston Partners now owns 12,153,776 shares of the company’s stock valued at $205,493,000 after buying an additional 6,677,610 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Blue Owl Capital in the 2nd quarter valued at $54,883,000. Finally, Renaissance Technologies LLC increased its stake in Blue Owl Capital by 2,107.1% in 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 during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $11.78 on Thursday. Blue Owl Capital Inc. has a one year low of $7.95 and a one year high of $19.29. The business has a fifty day moving average of $9.99 and a two-hundred day moving average of $10.04. The company has a market cap of $18.37 billion, a P/E ratio of 98.20, a price-to-earnings-growth ratio of 1.29 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, July 30th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The company had revenue of $693.56 million for the quarter, compared to analyst estimates of $693.15 million. Sell-side analysts predict that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a yield of 7.8%. Blue Owl Capital’s payout ratio is currently 766.67%.

Analyst Ratings Changes

A number of brokerages have commented on OWL. Credit Suisse Group set a $9.10 price objective on shares of Blue Owl Capital in a research report on Thursday, July 2nd. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. BMO Capital Markets boosted their price target on shares of Blue Owl Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. TD Cowen reissued a “buy” rating on shares of Blue Owl Capital in a report on Thursday, August 6th. Finally, The Goldman Sachs Group raised their price objective on shares of Blue Owl Capital from $9.50 to $10.50 and gave the company a “neutral” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average 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.