589,365 Shares in Blue Owl Capital Inc. $OWL Purchased by Danske Bank A S

Danske Bank A S bought a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 589,365 shares of the company’s stock, valued at approximately $6,406,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OWL. Norges Bank bought a new position in Blue Owl Capital in the 4th quarter worth approximately $140,643,000. William Blair Investment Management LLC bought a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $113,782,000. Boston Partners grew its stake in shares of Blue Owl Capital by 121.9% in the third quarter. Boston Partners now owns 12,153,776 shares of the company’s stock worth $205,493,000 after acquiring an additional 6,677,610 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Blue Owl Capital during the second quarter worth $54,883,000. Finally, Renaissance Technologies LLC increased its position in Blue Owl Capital by 2,107.1% during the first quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock worth $55,375,000 after acquiring an additional 5,790,400 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on OWL shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. 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 report on Thursday, July 9th. Oppenheimer cut their price objective on shares of Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. JPMorgan Chase & Co. reduced their target price on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Finally, BMO Capital Markets lifted their target price on Blue Owl Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.44.

Blue Owl Capital Price Performance

OWL opened at $11.66 on Friday. The company has a market capitalization of $18.18 billion, a P/E ratio of 97.17, a P/E/G ratio of 1.27 and a beta of 1.19. The firm’s fifty day moving average price is $10.07 and its two-hundred day moving average price is $10.03. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $19.29.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $693.56 million during the quarter, compared to analysts’ expectations of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. On average, equities research analysts expect that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a yield of 7.9%. 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.