Private Advisor Group LLC Acquires 3,530 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Private Advisor Group LLC lifted its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 9.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 42,516 shares of the company’s stock after purchasing an additional 3,530 shares during the period. Private Advisor Group LLC’s holdings in Blue Owl Capital were worth $989,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC lifted its holdings in Blue Owl Capital by 1.6% during the fourth quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock worth $593,000 after buying an additional 413 shares during the period. Allworth Financial LP raised its position in shares of Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after acquiring an additional 428 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of Blue Owl Capital by 1.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock worth $622,000 after purchasing an additional 443 shares during the last quarter. Principal Securities Inc. boosted its position in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after purchasing an additional 450 shares in the last quarter. Finally, Miracle Mile Advisors LLC grew its stake in Blue Owl Capital by 4.1% in the fourth quarter. Miracle Mile Advisors LLC now owns 12,289 shares of the company’s stock valued at $286,000 after purchasing an additional 479 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $21.54 on Friday. Blue Owl Capital Inc. has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The firm has a market capitalization of $32.16 billion, a PE ratio of 126.68, a P/E/G ratio of 1.23 and a beta of 1.15. The stock’s 50-day simple moving average is $23.79 and its 200-day simple moving average is $21.93.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.34%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.53%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on OWL shares. Evercore ISI raised their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 17th. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and raised their target price for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. The Goldman Sachs Group lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $24.75 in a report on Monday, January 6th. Citigroup restated a “buy” rating and set a $30.00 target price on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company reduced their target price on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.48.

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.