Manning & Napier Advisors LLC Acquires 220,000 Shares of Blue Owl Capital Inc. $OWL

Manning & Napier Advisors LLC grew its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 57.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 600,000 shares of the company’s stock after buying an additional 220,000 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Blue Owl Capital were worth $10,158,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada lifted its position in Blue Owl Capital by 50.0% in the 1st quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock valued at $7,976,000 after acquiring an additional 132,637 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Blue Owl Capital by 26.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,994,159 shares of the company’s stock valued at $39,963,000 after purchasing an additional 420,809 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Blue Owl Capital by 18.1% in the second quarter. Parallel Advisors LLC now owns 7,637 shares of the company’s stock valued at $147,000 after purchasing an additional 1,169 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Blue Owl Capital by 12.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 219,488 shares of the company’s stock worth $4,216,000 after acquiring an additional 24,827 shares during the last quarter. Finally, Wedmont Private Capital bought a new stake in shares of Blue Owl Capital in the 2nd quarter worth $194,000. 35.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

OWL has been the topic of a number of recent analyst reports. Piper Sandler dropped their price target on shares of Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, October 8th. Wolfe Research set a $20.00 target price on Blue Owl Capital in a research note on Wednesday, January 7th. JPMorgan Chase & Co. increased their price target on Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $16.25 price objective on shares of Blue Owl Capital in a research report on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $21.05.

Blue Owl Capital Trading Down 3.1%

NYSE:OWL opened at $15.29 on Wednesday. Blue Owl Capital Inc. has a 12 month low of $13.25 and a 12 month high of $26.73. The firm’s 50 day moving average is $15.26 and its 200 day moving average is $17.23. The stock has a market capitalization of $23.85 billion, a PE ratio of 254.93, a price-to-earnings-growth ratio of 1.24 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $687.00 million for the quarter, compared to analyst estimates of $685.95 million. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%. Research analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.90 annualized dividend and a yield of 5.9%. Blue Owl Capital’s dividend payout ratio is 1,500.00%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, insider Craig Packer bought 110,227 shares of Blue Owl Capital stock in a transaction dated Tuesday, December 2nd. The stock was purchased at an average price of $15.06 per share, for a total transaction of $1,660,018.62. Following the completion of the purchase, the insider directly owned 94,000 shares of the company’s stock, valued at approximately $1,415,640. This trade represents a -679.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas I. Ostrover purchased 139,327 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average cost of $15.06 per share, for a total transaction of $2,098,264.62. Following the transaction, the chief executive officer owned 158,000 shares of the company’s stock, valued at approximately $2,379,480. This trade represents a 746.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 395,670 shares of company stock worth $5,952,393 over the last ninety days. Company insiders own 27.44% of the company’s stock.

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.