7,615,956 Shares in Blue Owl Capital Inc. $OWL Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,615,956 shares of the company’s stock, valued at approximately $113,782,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Boston Partners boosted its position in shares of Blue Owl Capital by 121.9% during the third quarter. Boston Partners now owns 12,153,776 shares of the company’s stock valued at $205,493,000 after buying an additional 6,677,610 shares during the period. Vanguard Group Inc. boosted its position in shares of Blue Owl Capital by 7.9% during the third quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock valued at $1,149,833,000 after buying an additional 4,968,526 shares during the period. Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Blue Owl Capital during the third quarter valued at approximately $65,174,000. Capital International Investors boosted its position in shares of Blue Owl Capital by 3.5% during the third quarter. Capital International Investors now owns 62,726,334 shares of the company’s stock valued at $1,061,999,000 after buying an additional 2,141,873 shares during the period. Finally, Lind Value II ApS purchased a new position in shares of Blue Owl Capital during the fourth quarter valued at approximately $30,724,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

OWL has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered Blue Owl Capital from a “buy” rating to a “hold” rating and dropped their target price for the company from $15.00 to $10.00 in a research report on Tuesday, February 24th. The Goldman Sachs Group dropped their target price on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Citizens Jmp dropped their target price on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. Piper Sandler dropped their target price on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Finally, Zacks Research lowered Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.04.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $10.07 on Friday. The company has a 50 day moving average price of $9.30 and a 200-day moving average price of $12.40. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $21.08. The company has a market capitalization of $15.66 billion, a PE ratio of 83.95, a P/E/G ratio of 1.06 and a beta of 1.19.

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

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be paid a dividend of $0.23 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Wednesday, May 13th. 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.