Westfield Capital Management Co. LP Grows Stock Position in Blue Owl Capital Inc. $OWL

Westfield Capital Management Co. LP grew its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,423,608 shares of the company’s stock after buying an additional 195,164 shares during the period. Westfield Capital Management Co. LP owned 0.28% of Blue Owl Capital worth $66,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in OWL. Roxbury Financial LLC boosted its holdings in Blue Owl Capital by 383.6% in the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after purchasing an additional 1,400 shares in the last quarter. Halbert Hargrove Global Advisors LLC boosted its holdings in Blue Owl Capital by 83.5% in the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 910 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Blue Owl Capital in the second quarter valued at approximately $51,000. Western Pacific Wealth Management LP acquired a new position in Blue Owl Capital during the fourth quarter worth $58,000. Finally, Clearstead Advisors LLC grew its holdings in Blue Owl Capital by 360.2% during the fourth quarter. Clearstead Advisors LLC now owns 4,602 shares of the company’s stock worth $69,000 after acquiring an additional 3,602 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on OWL shares. TD Cowen reaffirmed a “buy” rating and set a $14.00 price objective on shares of Blue Owl Capital in a report on Monday, May 18th. Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Raymond James Financial reiterated a “strong-buy” rating on shares of Blue Owl Capital in a report on Thursday, February 19th. Oppenheimer lowered their target price on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Finally, Evercore set a $14.00 price target on Blue Owl Capital in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $14.04.

Blue Owl Capital Price Performance

NYSE:OWL opened at $9.81 on Friday. The business’s 50-day moving average is $9.52 and its two-hundred day moving average is $12.04. The firm has a market capitalization of $15.24 billion, a PE ratio of 81.71, a price-to-earnings-growth ratio of 1.07 and a beta of 1.20. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $21.08.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The business had revenue of $699.88 million during the quarter, compared to the consensus estimate of $687.23 million. Equities analysts anticipate that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.23 dividend. The ex-dividend date was Wednesday, May 13th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 9.4%. Blue Owl Capital’s payout ratio is presently 766.67%.

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.