R Squared Ltd Acquires New Position in Blue Owl Capital Inc. $OWL

R Squared Ltd bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 55,401 shares of the company’s stock, valued at approximately $506,000.

Several other large investors have also added to or reduced their stakes in the company. PUREfi Wealth LLC purchased a new stake in shares of Blue Owl Capital in the first quarter worth $114,000. Abel Hall LLC bought a new stake in shares of Blue Owl Capital during the 1st quarter valued at $188,000. Praxis Investment Management Inc. lifted its stake in shares of Blue Owl Capital by 137.5% during the 1st quarter. Praxis Investment Management Inc. now owns 31,634 shares of the company’s stock valued at $289,000 after buying an additional 18,316 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of Blue Owl Capital by 641.1% during the 1st quarter. QRG Capital Management Inc. now owns 319,763 shares of the company’s stock valued at $2,919,000 after buying an additional 276,616 shares in the last quarter. Finally, HB Wealth Management LLC boosted its holdings in Blue Owl Capital by 209.8% in the 1st quarter. HB Wealth Management LLC now owns 35,432 shares of the company’s stock worth $323,000 after buying an additional 23,996 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays increased their price target on Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. BMO Capital Markets dropped their price objective on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. Oppenheimer dropped their price objective on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. UBS Group reiterated a “neutral” rating and set a $9.50 target price on shares of Blue Owl Capital in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. decreased their target price on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.71.

Blue Owl Capital Trading Down 1.4%

OWL traded down $0.13 during trading on Tuesday, hitting $9.36. 5,030,027 shares of the company traded hands, compared to its average volume of 28,042,588. The company has a market cap of $14.55 billion, a PE ratio of 77.79, a P/E/G ratio of 0.96 and a beta of 1.22. The stock’s 50-day simple moving average is $9.59 and its two-hundred day simple moving average is $11.14. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $21.08.

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

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 9.8%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was 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.