Regents of The University of California Sells 5,925,228 Shares of Blue Owl Capital Inc. $OWL

Regents of The University of California reduced its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 98.9% in the first quarter, HoldingsChannel.com reports. The firm owned 66,347 shares of the company’s stock after selling 5,925,228 shares during the period. Blue Owl Capital comprises about 0.0% of Regents of The University of California’s investment portfolio, making the stock its 11th largest holding. Regents of The University of California’s holdings in Blue Owl Capital were worth $606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Arax Advisory Partners purchased a new position in shares of Blue Owl Capital during the fourth quarter valued at approximately $25,000. Toronto Dominion Bank purchased a new stake in Blue Owl Capital in the 4th quarter valued at $26,000. Lavaca Capital LLC purchased a new stake in Blue Owl Capital in the 4th quarter valued at $28,000. Halbert Hargrove Global Advisors LLC lifted its stake in Blue Owl Capital by 83.5% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 910 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Blue Owl Capital during the 4th quarter valued at $41,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Blue Owl Capital

Here are the key news stories impacting Blue Owl Capital this week:

• Positive Sentiment: Q2 results met expectations and growth remained solid. Blue Owl reported adjusted earnings of $0.22 per share, in line with consensus, while revenue of $693.6 million slightly exceeded estimates and increased about 7% year over year. Assets under management rose 12% to approximately $319 billion, supported by fundraising and investment performance. OWL Q2 Earnings Meet Estimates on Revenue and AUM Growth
• Positive Sentiment: Business diversification is helping offset weakness in private credit. Real assets fundraising surpassed credit fundraising during the quarter, while data-center and artificial-intelligence-related financing provided additional growth opportunities. Management also said withdrawals from lending vehicles eased. Blue Owl Leans Into Real Assets to Buffer Private-Credit Woes
• Positive Sentiment: The dividend supports income-oriented investors. Blue Owl declared a quarterly dividend of $0.23 per share, equivalent to an annualized yield of roughly 9% at the referenced share price. The dividend is payable August 27 to shareholders of record August 13. Blue Owl Capital Second-Quarter Earnings and Assets Under Management
• Neutral Sentiment: Barclays raised its price target but retained an Equal Weight rating. The target increased from $9 to $10, indicating limited expected upside based on the referenced trading level. Benzinga analyst update
• Negative Sentiment: Fundraising momentum in private credit weakened. Reports indicated fundraising fell 37% and credit strategies experienced outflows, highlighting pressure in Blue Owl’s core lending business despite stronger results elsewhere. Blue Owl’s Private Credit Fundraising Falls
• Negative Sentiment: Analysts continue to flag dividend coverage and valuation risks, including potential NAV pressure and the possibility of future reductions in distributions across Blue Owl’s credit ecosystem. Blue Owl Capital Rating Downgrade

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Oppenheimer reduced their target price on shares of Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. The Goldman Sachs Group cut their price target on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Citizens Jmp reduced their price objective on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating for the company in a research report on Thursday, July 9th. Finally, Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.22.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $10.33 on Friday. The firm has a market cap of $16.06 billion, a PE ratio of 86.09, a P/E/G ratio of 1.11 and a beta of 1.22. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $20.58. The stock has a fifty day moving average price of $9.50 and a 200-day moving average price of $10.39.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $693.56 million for the quarter, compared to the consensus estimate of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 22.76%. As a group, equities analysts anticipate that Blue Owl Capital Inc. will post 0.87 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.92 annualized dividend and a yield of 8.9%. Blue Owl Capital’s payout ratio is currently 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.