Amalgamated Bank Sells 15,087 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Amalgamated Bank cut its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 30.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,901 shares of the company’s stock after selling 15,087 shares during the period. Amalgamated Bank’s holdings in Blue Owl Capital were worth $602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital World Investors increased its holdings in shares of Blue Owl Capital by 0.3% in the first quarter. Capital World Investors now owns 63,339,128 shares of the company’s stock valued at $1,194,576,000 after purchasing an additional 163,377 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Blue Owl Capital by 0.6% during the first quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company’s stock worth $768,199,000 after acquiring an additional 250,977 shares during the last quarter. Capital International Investors raised its position in shares of Blue Owl Capital by 0.3% during the first quarter. Capital International Investors now owns 33,284,962 shares of the company’s stock worth $627,754,000 after acquiring an additional 107,321 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Blue Owl Capital by 11.9% during the first quarter. Capital Research Global Investors now owns 10,512,628 shares of the company’s stock valued at $198,268,000 after acquiring an additional 1,121,064 shares during the period. Finally, Westfield Capital Management Co. LP boosted its holdings in Blue Owl Capital by 6.5% in the first quarter. Westfield Capital Management Co. LP now owns 4,529,065 shares of the company’s stock valued at $85,418,000 after acquiring an additional 277,526 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $19.24 on Friday. The company has a market capitalization of $28.16 billion, a P/E ratio of 160.33, a P/E/G ratio of 1.19 and a beta of 1.17. The business’s 50 day simple moving average is $17.82 and its 200 day simple moving average is $18.09. Blue Owl Capital Inc. has a 1 year low of $12.11 and a 1 year high of $20.13.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $549.85 million during the quarter, compared to the consensus estimate of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same quarter in the previous year, the firm earned $0.16 earnings per share. On average, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.79 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Wednesday, August 21st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 600.00%.

Analysts Set New Price Targets

A number of analysts have commented on OWL shares. Wells Fargo & Company assumed coverage on shares of Blue Owl Capital in a report on Thursday, September 12th. They set an “equal weight” rating and a $18.50 target price for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating for the company in a report on Friday, August 2nd. TD Cowen restated a “hold” rating and set a $19.00 target price (down previously from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Oppenheimer raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Friday, August 2nd. Finally, Piper Sandler decreased their price objective on Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.10.

Blue Owl Capital Profile

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.