Magnolia Capital Advisors LLC Buys New Stake in Blue Owl Capital Inc. $OWL

Magnolia Capital Advisors LLC purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 64,615 shares of the company’s stock, valued at approximately $702,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new stake in Blue Owl Capital during the second quarter valued at approximately $895,000. Ancora Advisors LLC bought a new stake in shares of Blue Owl Capital in the 2nd quarter valued at approximately $408,000. Legal & General Group Plc acquired a new position in shares of Blue Owl Capital in the 2nd quarter worth approximately $5,836,000. The Manufacturers Life Insurance Company acquired a new position in shares of Blue Owl Capital in the 2nd quarter worth approximately $450,000. Finally, Fiduciary Financial Advisors bought a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $87,000. Institutional investors own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on OWL shares. Citizens Jmp decreased their price target on 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. TD Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a research note on Thursday, August 6th. Oppenheimer cut their price objective on Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, July 17th. The Goldman Sachs Group boosted their target price on shares of Blue Owl Capital from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.44.

Blue Owl Capital Price Performance

NYSE OWL opened at $11.82 on Thursday. The stock’s 50 day simple moving average is $10.19 and its 200 day simple moving average is $10.01. Blue Owl Capital Inc. has a one year low of $7.95 and a one year high of $19.29. The firm has a market cap of $18.43 billion, a PE ratio of 98.51, a price-to-earnings-growth ratio of 1.30 and a beta of 1.19.

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

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.92 annualized dividend and a yield of 7.8%. Blue Owl Capital’s dividend payout ratio is 766.67%.

Blue Owl Capital Profile

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.