6,352,047 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by Stone Point Capital LLC

Stone Point Capital LLC bought a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,352,047 shares of the company’s stock, valued at approximately $112,749,000. Blue Owl Capital comprises about 8.9% of Stone Point Capital LLC’s portfolio, making the stock its 4th biggest holding. Stone Point Capital LLC owned 0.44% of Blue Owl Capital as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OWL. Transcendent Capital Group LLC purchased a new stake in shares of Blue Owl Capital during the 1st quarter worth about $26,000. ORG Partners LLC acquired a new position in Blue Owl Capital during the second quarter valued at approximately $32,000. Family Firm Inc. purchased a new stake in Blue Owl Capital during the second quarter worth approximately $40,000. Rothschild Investment LLC acquired a new stake in shares of Blue Owl Capital in the second quarter worth $45,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Blue Owl Capital in the second quarter worth $88,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

OWL opened at $18.78 on Friday. Blue Owl Capital Inc. has a 12-month low of $12.11 and a 12-month high of $20.13. The stock has a market capitalization of $26.83 billion, a PE ratio of 156.50, a P/E/G ratio of 1.07 and a beta of 1.17. The firm’s fifty day moving average price is $17.78 and its 200 day moving average price is $18.04.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $549.85 million for the quarter, compared to analyst estimates of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same quarter in the prior year, the business posted $0.16 EPS. On average, equities research analysts forecast that Blue Owl Capital Inc. will post 0.79 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital’s dividend payout ratio is presently 600.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OWL shares. Piper Sandler decreased their price target on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Wells Fargo & Company assumed coverage on Blue Owl Capital in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $18.50 target price for the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.50 target price on shares of Blue Owl Capital in a report on Thursday, June 13th. UBS Group decreased their price target on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, TD Cowen reiterated a “hold” rating and set a $19.00 price objective (down previously from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.10.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.