494,639 Shares in Blue Owl Capital Inc. $OWL Acquired by MKP Capital Management L.L.C.

MKP Capital Management L.L.C. purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 494,639 shares of the company’s stock, valued at approximately $7,390,000. Blue Owl Capital comprises approximately 0.3% of MKP Capital Management L.L.C.’s portfolio, making the stock its 22nd largest position.

A number of other large investors have also bought and sold shares of the business. Easterly Investment Partners LLC bought a new stake in Blue Owl Capital during the 4th quarter worth approximately $3,088,000. Verity & Verity LLC grew its position in Blue Owl Capital by 45.2% during the 4th quarter. Verity & Verity LLC now owns 1,036,594 shares of the company’s stock worth $15,487,000 after acquiring an additional 322,530 shares during the last quarter. Norges Bank bought a new stake in Blue Owl Capital during the 4th quarter worth approximately $140,643,000. Rothschild Investment LLC grew its position in Blue Owl Capital by 30.2% during the 4th quarter. Rothschild Investment LLC now owns 126,756 shares of the company’s stock worth $1,894,000 after acquiring an additional 29,406 shares during the last quarter. Finally, Huntington National Bank grew its position in Blue Owl Capital by 33.4% during the 4th quarter. Huntington National Bank now owns 650,605 shares of the company’s stock worth $9,720,000 after acquiring an additional 163,049 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Up 1.8%

OWL stock opened at $10.47 on Tuesday. The business’s fifty day moving average is $9.45 and its 200-day moving average is $12.16. The company has a market cap of $16.27 billion, a P/E ratio of 87.21, a price-to-earnings-growth ratio of 1.08 and a beta of 1.20. Blue Owl Capital Inc. has a twelve month low of $7.95 and a twelve month high of $21.08.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $699.88 million for the quarter, compared to the consensus estimate of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. Research analysts anticipate that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a $0.23 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.8%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 766.67%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OWL. TD Cowen restated a “buy” rating and set a $14.00 price target on shares of Blue Owl Capital in a research report on Monday, May 18th. The Goldman Sachs Group decreased their price target on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Oppenheimer decreased their price objective on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Evercore set a $14.00 price objective on Blue Owl Capital in a research report on Friday, February 6th. Finally, BMO Capital Markets decreased their price objective on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.04.

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.