10,250 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by Thoroughbred Financial Services LLC

Posted by Defense World Staff on Jul 9th, 2023

Thoroughbred Financial Services LLC bought a new position in Blue Owl Capital Inc. (NYSE:OWL – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,250 shares of the company’s stock, valued at approximately $113,000.

A number of other hedge funds have also modified their holdings of OWL. Price T Rowe Associates Inc. MD grew its holdings in shares of Blue Owl Capital by 7,735.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 5,366,944 shares of the company’s stock valued at $53,830,000 after buying an additional 5,298,444 shares in the last quarter. State Street Corp grew its holdings in shares of Blue Owl Capital by 212.9% during the second quarter. State Street Corp now owns 5,110,788 shares of the company’s stock valued at $51,261,000 after buying an additional 3,477,322 shares in the last quarter. Bain Capital Public Equity Management II LLC purchased a new position in shares of Blue Owl Capital during the third quarter valued at $25,461,000. Clearbridge Investments LLC purchased a new position in shares of Blue Owl Capital during the first quarter valued at $31,838,000. Finally, 1832 Asset Management L.P. purchased a new position in shares of Blue Owl Capital during the first quarter valued at $30,113,000. 30.18% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $11.32 on Friday. Blue Owl Capital Inc. has a fifty-two week low of $8.06 and a fifty-two week high of $14.04. The business has a 50-day moving average of $10.77 and a two-hundred day moving average of $11.33. The stock has a market capitalization of $15.93 billion, a P/E ratio of 566.28 and a beta of 1.29.

Blue Owl Capital (NYSE:OWL – Free Report) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Blue Owl Capital had a return on equity of 14.25% and a net margin of 0.73%. The company had revenue of $390.99 million during the quarter, compared to analyst estimates of $394.60 million. As a group, research analysts expect that Blue Owl Capital Inc. will post 0.65 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Friday, May 19th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.95%. The ex-dividend date was Thursday, May 18th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.13. Blue Owl Capital’s payout ratio is currently 2,801.40%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OWL. Citigroup began coverage on Blue Owl Capital in a report on Thursday, May 18th. They set a “buy” rating and a $14.00 price target on the stock. Oppenheimer raised Blue Owl Capital from a “market perform” rating to an “outperform” rating in a research report on Friday, May 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on Blue Owl Capital from $15.00 to $14.00 in a research report on Monday, May 8th. Finally, Piper Sandler reduced their price objective on Blue Owl Capital from $17.00 to $15.00 in a research report on Thursday, May 25th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.75.

Blue Owl Capital Company Profile

(Free Report)

Blue Owl Capital Inc operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases.