Uptick Partners LLC Invests $892,000 in Blue Owl Capital Inc. $OWL

Uptick Partners LLC acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) during the second quarter, HoldingsChannel.com reports. The fund acquired 82,092 shares of the company’s stock, valued at approximately $892,000.

Other institutional investors have also made changes to their positions in the company. Arax Advisory Partners acquired a new stake in Blue Owl Capital in the 4th quarter worth approximately $25,000. Toronto Dominion Bank acquired a new position in Blue Owl Capital during the fourth quarter valued at approximately $26,000. Lavaca Capital LLC acquired a new position in Blue Owl Capital during the fourth quarter valued at approximately $28,000. Los Angeles Capital Management LLC bought a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $41,000. Finally, Headlands Technologies LLC bought a new position in shares of Blue Owl Capital in the second quarter valued at approximately $51,000. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 1.7%

Shares of NYSE OWL opened at $11.78 on Thursday. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $19.29. The company has a market cap of $18.37 billion, a P/E ratio of 98.20, a P/E/G ratio of 1.29 and a beta of 1.19. The business’s 50 day moving average is $9.99 and its two-hundred day moving average is $10.04.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate 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 return on equity of 23.14% and a net margin of 2.71%. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued 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 7.8%. Blue Owl Capital’s dividend payout ratio is 766.67%.

Analyst Ratings Changes

OWL has been the subject of a number of analyst reports. Capital One Financial set a $12.00 price objective on shares of Blue Owl Capital in a research note on Monday, August 3rd. JPMorgan Chase & Co. dropped their target price on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. The Goldman Sachs Group lifted their target price on shares of Blue Owl Capital from $9.50 to $10.50 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Credit Suisse Group set a $9.10 target price on shares of Blue Owl Capital in a research report on Thursday, July 2nd. Finally, Oppenheimer decreased their price target on shares of Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.44.

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.