Natixis Advisors LLC Has $8.82 Million Stock Holdings in Blue Owl Capital Inc. $OWL

Natixis Advisors LLC grew its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 20.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 590,185 shares of the company’s stock after buying an additional 98,235 shares during the quarter. Natixis Advisors LLC’s holdings in Blue Owl Capital were worth $8,817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Roxbury Financial LLC increased its stake in shares of Blue Owl Capital by 383.6% in the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after buying an additional 1,400 shares in the last quarter. Halbert Hargrove Global Advisors LLC increased its stake in shares of Blue Owl Capital by 83.5% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after buying an additional 910 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Blue Owl Capital in the second quarter valued at $51,000. Western Pacific Wealth Management LP acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at $58,000. Finally, Clearstead Advisors LLC increased its stake in shares of Blue Owl Capital by 360.2% in the fourth quarter. Clearstead Advisors LLC now owns 4,602 shares of the company’s stock valued at $69,000 after buying an additional 3,602 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OWL. Oppenheimer lowered their target price on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Piper Sandler lowered their target price on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. JPMorgan Chase & Co. lowered their price objective on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Barclays lifted their price objective on Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, BMO Capital Markets lowered their price objective on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $14.04.

Blue Owl Capital Trading Up 0.1%

Blue Owl Capital stock opened at $9.81 on Monday. The firm has a market capitalization of $15.24 billion, a P/E ratio of 81.71, a PEG ratio of 1.03 and a beta of 1.20. 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 $9.52 and a 200-day moving average of $12.03.

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 the consensus estimate of $0.19. The company had revenue of $699.88 million during the quarter, compared to analyst estimates of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. Research analysts anticipate that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 9.4%. The ex-dividend date was Wednesday, May 13th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio is presently 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.