QRG Capital Management Inc. Has $2.92 Million Stock Holdings in Blue Owl Capital Inc. $OWL

QRG Capital Management Inc. raised its stake in Blue Owl Capital Inc. (NYSE:OWL) by 641.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 319,763 shares of the company’s stock after acquiring an additional 276,616 shares during the quarter. QRG Capital Management Inc.’s holdings in Blue Owl Capital were worth $2,919,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of OWL. Kingswood Wealth Advisors LLC boosted its holdings in Blue Owl Capital by 1.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 76,939 shares of the company’s stock valued at $1,149,000 after acquiring an additional 909 shares during the last quarter. Halbert Hargrove Global Advisors LLC raised its holdings in Blue Owl Capital by 83.5% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock worth $30,000 after purchasing an additional 910 shares during the last quarter. VestGen Advisors LLC raised its holdings in Blue Owl Capital by 5.4% during the 4th quarter. VestGen Advisors LLC now owns 17,850 shares of the company’s stock worth $267,000 after purchasing an additional 912 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Blue Owl Capital by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 190,579 shares of the company’s stock valued at $3,227,000 after purchasing an additional 1,182 shares during the period. Finally, Deutsche Bank AG lifted its position in Blue Owl Capital by 1.6% during the 4th quarter. Deutsche Bank AG now owns 77,962 shares of the company’s stock valued at $1,165,000 after purchasing an additional 1,222 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

NYSE OWL traded down $0.06 on Tuesday, reaching $9.44. The company had a trading volume of 2,534,644 shares, compared to its average volume of 28,022,813. The company’s fifty day moving average is $9.59 and its 200-day moving average is $11.14. The firm has a market capitalization of $14.67 billion, a price-to-earnings ratio of 78.82, a price-to-earnings-growth ratio of 0.96 and a beta of 1.22. Blue Owl Capital Inc. has a 1-year low of $7.95 and a 1-year high of $21.08.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $699.88 million for 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%. On average, research analysts forecast that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given 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 of this dividend was Wednesday, May 13th. This represents a $0.92 dividend on an annualized basis and a yield of 9.8%. Blue Owl Capital’s payout ratio is currently 766.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on OWL shares. TD Cowen reiterated a “buy” rating and set a $14.00 price target on shares of Blue Owl Capital in a research report on Monday, May 18th. Citizens Jmp reduced their price objective on shares of Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. The Goldman Sachs Group lowered their target price on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. Finally, BMO Capital Markets decreased their target price 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.71.

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.