Border to Coast Pensions Partnership Ltd Buys 175,000 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Border to Coast Pensions Partnership Ltd increased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 58.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 475,000 shares of the company’s stock after acquiring an additional 175,000 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in Blue Owl Capital were worth $9,169,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Capital World Investors lifted its stake in shares of Blue Owl Capital by 0.3% during the 1st quarter. Capital World Investors now owns 63,339,128 shares of the company’s stock worth $1,194,576,000 after acquiring an additional 163,377 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Blue Owl Capital by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company’s stock worth $768,199,000 after acquiring an additional 250,977 shares during the last quarter. Capital International Investors lifted its stake in shares of Blue Owl Capital by 0.3% during the 1st quarter. Capital International Investors now owns 33,284,962 shares of the company’s stock worth $627,754,000 after acquiring an additional 107,321 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Blue Owl Capital by 11.9% during the 1st quarter. Capital Research Global Investors now owns 10,512,628 shares of the company’s stock worth $198,268,000 after acquiring an additional 1,121,064 shares during the last quarter. Finally, Stone Point Capital LLC bought a new stake in shares of Blue Owl Capital during the 2nd quarter worth approximately $112,749,000. 35.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Oppenheimer upped their target price on Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. TD Cowen reiterated a “hold” rating and issued a $19.00 target price (down from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Evercore ISI upped their target price on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $21.15.

Blue Owl Capital Stock Performance

NYSE:OWL traded up $0.01 during mid-day trading on Monday, hitting $23.86. 2,110,338 shares of the company’s stock traded hands, compared to its average volume of 5,243,370. The company has a fifty day moving average of $18.72 and a 200 day moving average of $18.39. Blue Owl Capital Inc. has a twelve month low of $12.11 and a twelve month high of $24.17. The company has a market capitalization of $34.09 billion, a P/E ratio of 198.92, a P/E/G ratio of 1.29 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last announced its earnings results 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 for the quarter, compared to analyst estimates of $507.22 million. During the same period in the prior year, the company posted $0.16 EPS. On average, research analysts expect that Blue Owl Capital Inc. will post 0.79 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.02%. The ex-dividend date was Wednesday, August 21st. Blue Owl Capital’s dividend payout ratio is currently 600.00%.

Blue Owl Capital Company Profile

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.