King Luther Capital Management Corp Purchases 50,169 Shares of Blue Owl Capital Inc. (NYSE:OWL)

King Luther Capital Management Corp boosted its position in Blue Owl Capital Inc. (NYSE:OWL) by 171.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,434 shares of the company’s stock after purchasing an additional 50,169 shares during the quarter. King Luther Capital Management Corp’s holdings in Blue Owl Capital were worth $1,410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Blue Owl Capital by 744.2% during the fourth quarter. Principal Financial Group Inc. now owns 326,718 shares of the company’s stock worth $4,868,000 after purchasing an additional 288,015 shares during the period. Wells Fargo & Company MN raised its holdings in Blue Owl Capital by 12.1% in the 4th quarter. Wells Fargo & Company MN now owns 715,309 shares of the company’s stock valued at $10,658,000 after acquiring an additional 76,935 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Blue Owl Capital in the 1st quarter valued at $20,620,000. Balyasny Asset Management L.P. bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $46,030,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Blue Owl Capital by 22.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,819,431 shares of the company’s stock worth $27,110,000 after purchasing an additional 328,719 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Down 0.3 %

Shares of OWL opened at $18.78 on Monday. The stock has a market cap of $26.83 billion, a PE ratio of 156.50, a PEG ratio of 1.07 and a beta of 1.17. Blue Owl Capital Inc. has a 12-month low of $12.11 and a 12-month high of $20.13. The business has a 50-day simple moving average of $17.78 and a two-hundred day simple moving average of $18.04.

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

Blue Owl Capital Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OWL. Wells Fargo & Company began coverage on shares of Blue Owl Capital in a research report on Thursday, September 12th. They set an “equal weight” rating and a $18.50 price objective for the company. TD Cowen reiterated a “hold” rating and set a $19.00 price target (down previously from $21.50) on shares of Blue Owl Capital in a research report on Monday, July 8th. UBS Group lowered their price objective on shares of Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.50 target price on shares of Blue Owl Capital in a report on Thursday, June 13th. Finally, Oppenheimer raised Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.