OWL - Blue Owl Capital: A Leading Asset Manager Still At A Good Price

2024-05-07 22:26:21 ET

Summary

• Blue Owl Capital is a promising asset management stock with a unique business model, favorable asset allocation strategy, and reasonable valuation.
• The stock has traded sideways since the last article, but the Q1 2024 results showed positive signs, including an increase in dividend.
• This article discusses the achievability of the targeted $1 per share dividend and why OWL remains a buy based on its business model and sector positioning.

Dear readers,

Blue Owl Capital ( OWL ) is a young alternative asset manager, which remains relatively undercovered and is only starting to become more widely known in the investment community. I'm heavily invested in the stock with about a 5% position and continue to cover it here on Seeking Alpha. I believe that it is one of the best positioned asset management stocks out there, along with Apollo Global Management ( APO ), because of its (1) unique business model, (2) an asset allocation strategy which aligns very well with the current macroeconomic environment, and (3) a reasonable valuation....

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