Manning & Napier Advisors LLC Has $10.46 Million Position in Blue Owl Capital Inc. $OWL

Manning & Napier Advisors LLC lifted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 16.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 700,000 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Manning & Napier Advisors LLC’s holdings in Blue Owl Capital were worth $10,458,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Cresset Asset Management LLC raised its position in Blue Owl Capital by 1,345.0% in the 3rd quarter. Cresset Asset Management LLC now owns 1,379,485 shares of the company’s stock worth $23,355,000 after purchasing an additional 1,284,021 shares during the last quarter. JPMorgan Chase & Co. raised its position in Blue Owl Capital by 16.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,572,226 shares of the company’s stock worth $195,920,000 after purchasing an additional 1,667,608 shares during the last quarter. Capital International Investors raised its position in Blue Owl Capital by 3.5% in 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 last quarter. Elevation Point Wealth Partners LLC raised its position in Blue Owl Capital by 5,256.9% in the 3rd quarter. Elevation Point Wealth Partners LLC now owns 374,236 shares of the company’s stock worth $6,336,000 after purchasing an additional 367,250 shares during the last quarter. Finally, Partners Group Holding AG raised its position in Blue Owl Capital by 8.3% in the 3rd quarter. Partners Group Holding AG now owns 1,940,155 shares of the company’s stock worth $32,847,000 after purchasing an additional 149,292 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

More Blue Owl Capital News

Here are the key news stories impacting Blue Owl Capital this week:

• Positive Sentiment: Blue Owl is being highlighted for its high dividend yield, recent dividend hike, and strong AUM growth, with first-quarter assets under management rising to $314.9 billion, up 15% year over year, supporting fee-related earnings growth. Blue Owl Capital’s Dividend Hike, Strong AUM Growth, And Fat Yield
• Positive Sentiment: Blue Owl’s private credit fund reportedly realized a gain from its SpaceX stake, which may reinforce confidence in underwriting and portfolio performance. Blue Owl private credit fund realizes gain from SpaceX stake, exec says
• Neutral Sentiment: The company is preparing its first fund focused on buying secondhand private credit, signaling a potential growth avenue but also continued exposure to a complex and evolving market. Blue Owl Prepares First Fund to Buy Secondhand Private Credit
• Neutral Sentiment: Management said the firm will reduce software exposure in its private credit fund as AI-related uncertainty weighs on sector valuations, a defensive move rather than a major earnings catalyst. Blue Owl private credit fund will lower software exposure, CEO says
• Negative Sentiment: Multiple reports say Blue Owl-linked private credit funds cut dividends and saw declines in income and asset values, reinforcing investor concerns about stress in the broader private credit market. Blue Owl private credit funds cut dividends as borrowing costs rise
• Negative Sentiment: Blue Owl BDCs also bought back shares while loan values sank, which can support the stock but also underscores pressure on underlying asset values. Blue Owl BDCs Buy Back $85 Million of Shares as Loan Values Sink

Wall Street Analyst Weigh In

OWL has been the subject of several research analyst reports. Raymond James Financial restated a “strong-buy” rating on shares of Blue Owl Capital in a research report on Thursday, February 19th. TD Cowen dropped their price objective on Blue Owl Capital from $16.00 to $14.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a report on Wednesday, January 21st. BMO Capital Markets dropped their price objective on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Finally, Evercore set a $14.00 price objective on Blue Owl Capital in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.03.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $10.57 on Friday. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $21.08. The business has a 50-day moving average of $9.39 and a two-hundred day moving average of $12.89. The company has a market capitalization of $16.44 billion, a P/E ratio of 88.11, a price-to-earnings-growth ratio of 1.09 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $699.88 million during the quarter, compared to analysts’ expectations of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.89 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.23 per share. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, May 13th. This represents a $0.92 annualized dividend and a yield of 8.7%. Blue Owl Capital’s dividend payout ratio is 766.67%.

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.