Rhumbline Advisers Increases Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Rhumbline Advisers increased its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 26.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 557,297 shares of the company’s stock after buying an additional 116,675 shares during the period. Rhumbline Advisers’ holdings in Blue Owl Capital were worth $9,892,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in OWL. Transcendent Capital Group LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at approximately $26,000. Benjamin F. Edwards & Company Inc. acquired a new stake in Blue Owl Capital during the 4th quarter valued at $26,000. ORG Partners LLC purchased a new position in Blue Owl Capital during the second quarter worth $32,000. Family Firm Inc. acquired a new position in shares of Blue Owl Capital in the second quarter worth $40,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Blue Owl Capital in the second quarter valued at $45,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of OWL opened at $16.96 on Thursday. The stock has a market capitalization of $24.23 billion, a PE ratio of 141.33, a price-to-earnings-growth ratio of 1.02 and a beta of 1.17. Blue Owl Capital Inc. has a 12-month low of $12.00 and a 12-month high of $20.13. The business’s fifty day moving average price is $17.67 and its 200 day moving average price is $18.03.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. The firm had revenue of $549.85 million during the quarter, compared to analysts’ expectations of $507.22 million. During the same quarter in the prior year, the firm earned $0.16 EPS. As a group, research analysts anticipate that Blue Owl Capital Inc. will post 0.79 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.72 annualized dividend and a yield of 4.25%. Blue Owl Capital’s dividend payout ratio is currently 600.00%.

Analysts Set New Price Targets

Several research analysts recently weighed in on OWL shares. TD Cowen reissued a “hold” rating and issued a $19.00 target price (down previously from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. UBS Group cut their target price on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.50 target price on shares of Blue Owl Capital in a research report on Thursday, June 13th. Finally, Piper Sandler lowered their price target on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.23.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.