Navellier & Associates Inc. Purchases New Position in Blue Owl Capital Inc. $OWL

Navellier & Associates Inc. purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 84,344 shares of the company’s stock, valued at approximately $738,000.

Several other hedge funds have also recently bought and sold shares of OWL. Capital World Investors grew its position in shares of Blue Owl Capital by 5.9% in the fourth quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock valued at $1,348,272,000 after purchasing an additional 5,029,134 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Blue Owl Capital by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock worth $1,025,016,000 after purchasing an additional 691,980 shares during the last quarter. Capital International Investors boosted its stake in Blue Owl Capital by 4.3% in the 4th quarter. Capital International Investors now owns 65,402,615 shares of the company’s stock valued at $977,118,000 after purchasing an additional 2,676,281 shares during the period. Bank of America Corp DE boosted its stake in Blue Owl Capital by 8.4% in the 3rd quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock valued at $382,008,000 after purchasing an additional 1,751,024 shares during the period. Finally, Boston Partners grew its holdings in Blue Owl Capital by 16.2% in the 4th quarter. Boston Partners now owns 14,123,877 shares of the company’s stock valued at $211,270,000 after buying an additional 1,970,101 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 0.1%

OWL opened at $12.03 on Friday. Blue Owl Capital Inc. has a 1-year low of $7.95 and a 1-year high of $19.29. The company has a market cap of $18.76 billion, a P/E ratio of 100.26, a price-to-earnings-growth ratio of 1.32 and a beta of 1.19. The company has a fifty day moving average price of $10.29 and a two-hundred day moving average price of $10.02.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate 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 net margin of 2.71% and a return on equity of 23.14%. On average, research analysts forecast that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend was Thursday, August 13th. Blue Owl Capital’s dividend payout ratio is 766.67%.

Analyst Ratings Changes

Several research analysts have weighed in on OWL shares. Capital One Financial set a $12.00 price objective on Blue Owl Capital in a research report on Monday, August 3rd. Citizens Jmp decreased their price target on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 9th. Barclays raised their price target on shares of 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. The Goldman Sachs Group lifted their price objective on shares of Blue Owl Capital from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. One 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. According to data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average target price of $13.57.

Blue Owl Capital Company 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.