Duality Advisers LP Invests $421,000 in Blue Owl Capital Inc. (NYSE:OWL)

Duality Advisers LP bought a new position in Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,222 shares of the company’s stock, valued at approximately $421,000.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Blue Owl Capital by 3.3% in the third quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company’s stock worth $520,983,000 after acquiring an additional 1,293,941 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth $9,929,000. Exchange Traded Concepts LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth $1,944,000. Foster Victor Wealth Advisors LLC grew its stake in shares of Blue Owl Capital by 31.1% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 420,675 shares of the company’s stock worth $6,293,000 after acquiring an additional 99,760 shares during the last quarter. Finally, Advent International L.P. purchased a new stake in shares of Blue Owl Capital during the third quarter valued at $30,780,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. UBS Group raised Blue Owl Capital from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.00 to $22.00 in a research report on Tuesday, April 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $24.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, April 9th. The Goldman Sachs Group increased their price objective on Blue Owl Capital from $17.75 to $20.25 and gave the company a “buy” rating in a research report on Monday, February 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $19.00 price objective on shares of Blue Owl Capital in a research report on Thursday, April 4th. Finally, Evercore ISI increased their price objective on Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.48.

Insider Transactions at Blue Owl Capital

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

Blue Owl Capital Stock Performance

Shares of NYSE:OWL opened at $18.57 on Friday. The stock has a market capitalization of $26.53 billion, a price-to-earnings ratio of 185.72, a PEG ratio of 1.21 and a beta of 1.27. The stock’s 50-day simple moving average is $18.24 and its two-hundred day simple moving average is $15.66. Blue Owl Capital Inc. has a 52-week low of $9.70 and a 52-week high of $19.87.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Blue Owl Capital had a return on equity of 17.31% and a net margin of 3.14%. The firm had revenue of $494.04 million for the quarter, compared to the consensus estimate of $438.77 million. During the same quarter last year, the company earned $0.15 earnings per share. As a group, equities analysts forecast 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 paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Thursday, February 22nd. Blue Owl Capital’s dividend payout ratio (DPR) is currently 560.06%.

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.