Raymond James Financial Services Advisors Inc. Invests $204,000 in Blue Owl Capital Inc. (NYSE:OWL)

Raymond James Financial Services Advisors Inc. purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,675 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors also recently modified their holdings of the stock. Treasurer of the State of North Carolina increased its holdings in shares of Blue Owl Capital by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 196,246 shares of the company’s stock worth $2,543,000 after buying an additional 990 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of Blue Owl Capital by 58.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock worth $47,000 after buying an additional 1,159 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Blue Owl Capital by 25.9% during the third quarter. Signaturefd LLC now owns 5,893 shares of the company’s stock worth $76,000 after buying an additional 1,214 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Blue Owl Capital by 1.4% during the third quarter. Arizona State Retirement System now owns 101,563 shares of the company’s stock worth $1,316,000 after buying an additional 1,445 shares in the last quarter. Finally, Capital Insight Partners LLC grew its stake in shares of Blue Owl Capital by 10.8% in the third quarter. Capital Insight Partners LLC now owns 20,086 shares of the company’s stock worth $260,000 after purchasing an additional 1,956 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

OWL stock opened at $18.78 on Thursday. The stock has a market capitalization of $26.83 billion, a PE ratio of 187.82, a price-to-earnings-growth ratio of 1.19 and a beta of 1.27. The company’s 50-day moving average is $18.23 and its 200-day moving average is $15.64. Blue Owl Capital Inc. has a 1 year low of $9.70 and a 1 year high of $19.87.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $494.04 million for the quarter, compared to analysts’ expectations of $438.77 million. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, analysts anticipate that Blue Owl Capital Inc. will post 0.84 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 23rd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.98%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 560.06%.

Insider Transactions at Blue Owl Capital

In related news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $15.81, for a total value of $71,145,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 33.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on OWL shares. JMP Securities reissued a “market outperform” rating and issued a $24.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $19.00 price objective on shares of Blue Owl Capital in a research note on Thursday, April 4th. Piper Sandler boosted their price objective on shares of Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. TD Cowen started coverage on shares of Blue Owl Capital in a research note on Thursday, January 4th. They issued an “outperform” rating and a $17.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their price objective on shares of Blue Owl Capital from $17.75 to $20.25 and gave the stock a “buy” rating in a research note on Monday, February 12th. Two 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, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.48.

Blue Owl Capital Company 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.