Engineers Gate Manager LP Grows Position in Blue Owl Capital Inc. $OWL

Engineers Gate Manager LP boosted its position in shares of Blue Owl Capital Inc. (NYSE:OWL – Free Report) by 47.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 443,312 shares of the company’s stock after purchasing an additional 141,865 shares during the period. Engineers Gate Manager LP’s holdings in Blue Owl Capital were worth $3,879,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Edgestream Partners L.P. boosted its holdings in Blue Owl Capital by 374.3% during the 1st quarter. Edgestream Partners L.P. now owns 254,565 shares of the company’s stock valued at $2,324,000 after acquiring an additional 200,896 shares during the period. Hsbc Holdings PLC lifted its position in shares of Blue Owl Capital by 129.4% during the fourth quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock worth $3,590,000 after purchasing an additional 135,184 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Blue Owl Capital by 2,107.1% in the first quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock worth $55,375,000 after purchasing an additional 5,790,400 shares during the last quarter. Verity & Verity LLC grew its holdings in shares of Blue Owl Capital by 45.2% in the fourth quarter. Verity & Verity LLC now owns 1,036,594 shares of the company’s stock worth $15,487,000 after purchasing an additional 322,530 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Blue Owl Capital by 38.8% during the 1st quarter. Royal Bank of Canada now owns 892,317 shares of the company’s stock valued at $8,147,000 after buying an additional 249,461 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $10.57 on Friday. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $19.29. The firm has a market capitalization of $16.48 billion, a PE ratio of 88.10, a P/E/G ratio of 1.16 and a beta of 1.22. The stock’s 50-day simple moving average is $10.82 and its 200-day simple moving average is $9.96.

Blue Owl Capital (NYSE:OWL – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $693.56 million for the quarter, compared to the consensus estimate of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. Sell-side analysts forecast that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a yield of 8.7%. Blue Owl Capital’s payout ratio is presently 766.67%.

Analysts Set New Price Targets

Several research firms have recently weighed in on OWL. UBS Group reaffirmed a “neutral” rating and set a $9.50 price target on shares of Blue Owl Capital in a research note on Thursday, June 11th. Keefe, Bruyette & Woods upgraded Blue Owl Capital to a “hold” rating in a report on Monday, July 20th. Oppenheimer lifted their price objective on Blue Owl Capital from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. Finally, Citizens Jmp dropped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.57.

Get Our Latest Stock Analysis on OWL

Blue Owl Capital Company Profile

(Free Report)

Blue Owl Capital Inc (NYSE: OWL) is a global alternative asset manager that provides private market investment solutions to institutional investors, financial professionals, family offices and high-net-worth individuals. The firm focuses on strategies designed to generate income, long-term capital appreciation and portfolio diversification outside traditional public markets.

Blue Owl’s platform includes direct lending and other private credit strategies, which provide financing to middle-market companies and other borrowers.

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