Kim LLC Purchases New Holdings in Blue Owl Capital Inc. (NYSE:OWL)
Kim LLC acquired a new position in Blue Owl Capital Inc. (NYSE:OWL – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,800,594 shares of the company’s stock, valued at approximately $55,927,000. Blue Owl Capital accounts for approximately 4.8% of Kim LLC’s portfolio, making the stock its 4th biggest position. Kim LLC owned 0.34% of Blue Owl Capital as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of OWL. Mirae Asset Global Investments Co. Ltd. acquired a new position in Blue Owl Capital in the first quarter worth about $115,000. Tower Research Capital LLC TRC raised its holdings in shares of Blue Owl Capital by 1,147.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 10,587 shares of the company’s stock worth $118,000 after buying an additional 9,738 shares in the last quarter. Cortland Associates Inc. MO bought a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $3,109,000. Mandatum Life Insurance Co Ltd lifted its position in shares of Blue Owl Capital by 44.3% during the 1st quarter. Mandatum Life Insurance Co Ltd now owns 318,450 shares of the company’s stock worth $3,528,000 after buying an additional 97,800 shares during the period. Finally, Grandeur Peak Global Advisors LLC acquired a new stake in Blue Owl Capital in the 1st quarter valued at $7,169,000. Institutional investors and hedge funds own 29.11% of the company’s stock.
Analyst Upgrades and Downgrades
OWL has been the subject of several recent analyst reports. Citigroup increased their price objective on Blue Owl Capital from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, October 6th. UBS Group reissued a “neutral” rating and set a $14.00 price target (down from $15.00) on shares of Blue Owl Capital in a report on Friday, October 20th. Oppenheimer cut shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Monday, October 9th. They noted that the move was a valuation call. Finally, Wolfe Research began coverage on shares of Blue Owl Capital in a research note on Wednesday, October 4th. They issued an “outperform” rating and a $16.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.19.
Check Out Our Latest Stock Report on OWL
Blue Owl Capital Stock Performance
Shares of NYSE OWL traded up $0.13 during trading on Friday, reaching $13.61. The company had a trading volume of 13,233,531 shares, compared to its average volume of 3,524,670. Blue Owl Capital Inc. has a 52 week low of $9.70 and a 52 week high of $14.04. The business’s 50 day moving average price is $13.12 and its 200-day moving average price is $12.06. The stock has a market cap of $19.18 billion, a PE ratio of 194.46, a PEG ratio of 0.95 and a beta of 1.20.
Blue Owl Capital (NYSE:OWL – Get Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. Blue Owl Capital had a net margin of 2.32% and a return on equity of 16.23%. The business had revenue of $429.65 million during the quarter, compared to analyst estimates of $412.41 million. Equities analysts anticipate that Blue Owl Capital Inc. will post 0.65 earnings per share for the current year.
Blue Owl Capital Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 20th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Friday, November 17th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 800.11%.
Blue Owl Capital Profile (Free Report)
Blue Owl Capital Inc operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases.
See Also
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Original: MarketBeat News Feed: Kim LLC Purchases New Holdings in Blue Owl Capital Inc. (NYSE:OWL)