MidFirst Bank Invests $1.18 Million in Blue Owl Capital Inc. $OWL

MidFirst Bank acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 78,650 shares of the company’s stock, valued at approximately $1,175,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $140,643,000. William Blair Investment Management LLC acquired a new stake in Blue Owl Capital during the fourth quarter worth approximately $113,782,000. Boston Partners lifted its position in shares of Blue Owl Capital by 121.9% during the 3rd quarter. Boston Partners now owns 12,153,776 shares of the company’s stock worth $205,493,000 after buying an additional 6,677,610 shares during the last quarter. Capital World Investors lifted its position in shares of Blue Owl Capital by 5.9% during the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock worth $1,348,272,000 after buying an additional 5,029,134 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Blue Owl Capital by 7.9% during the 3rd quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock worth $1,149,833,000 after buying an additional 4,968,526 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on OWL shares. Oppenheimer dropped their target price on shares of 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. The Goldman Sachs Group reduced their price target on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. JPMorgan Chase & Co. dropped their price objective on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. BMO Capital Markets cut their target price 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. Finally, UBS Group reissued a “neutral” rating and issued a $9.50 target price on shares of Blue Owl Capital in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.04.

Blue Owl Capital Trading Up 0.5%

Shares of OWL stock opened at $9.57 on Friday. The company has a market capitalization of $14.89 billion, a P/E ratio of 79.79, a price-to-earnings-growth ratio of 1.00 and a beta of 1.20. The business’s 50 day moving average is $9.70 and its two-hundred day moving average is $11.72. 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 issued its quarterly earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $699.88 million during 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%. As a group, equities analysts predict that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 9.6%. Blue Owl Capital’s payout ratio is presently 766.67%.

Blue Owl Capital Company 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.