OMERS ADMINISTRATION Corp reduced its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 24.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 503,300 shares of the company's stock after selling 159,600 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Blue Owl Capital were worth $11,707,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in OWL. Rakuten Securities Inc. purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at $27,000. Allworth Financial LP lifted its position in shares of Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after acquiring an additional 428 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock valued at $44,000 after acquiring an additional 1,315 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after acquiring an additional 450 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Blue Owl Capital by 182.2% in the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock valued at $47,000 after acquiring an additional 1,310 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on OWL. Oppenheimer set a $24.00 price objective on Blue Owl Capital and gave the company an "outperform" rating in a research report on Wednesday, April 16th. JMP Securities dropped their target price on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. UBS Group dropped their target price on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Barclays dropped their price target on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Finally, Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and an average target price of $23.56.
View Our Latest Report on OWL
Blue Owl Capital Stock Up 0.8%
Shares of NYSE OWL traded up $0.16 on Friday, hitting $19.48. The company had a trading volume of 4,937,725 shares, compared to its average volume of 6,797,201. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The business has a 50 day moving average of $18.69 and a two-hundred day moving average of $21.70. The firm has a market capitalization of $29.95 billion, a P/E ratio of 114.58, a PEG ratio of 1.23 and a beta of 1.21.
Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. The company had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. On average, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.
Blue Owl Capital Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.62%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio is currently 692.31%.
About Blue Owl Capital
(
Free Report)
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.
Featured Stories
Before you consider Blue Owl Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blue Owl Capital wasn't on the list.
While Blue Owl Capital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
