Rhumbline Advisers Increases Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Rhumbline Advisers raised its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 599,337 shares of the company’s stock after purchasing an additional 23,952 shares during the quarter. Rhumbline Advisers’ holdings in Blue Owl Capital were worth $13,941,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in OWL. Versant Capital Management Inc boosted its holdings in Blue Owl Capital by 136.2% in the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after purchasing an additional 1,110 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Blue Owl Capital by 182.2% in the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock worth $47,000 after acquiring an additional 1,310 shares during the period. Copeland Capital Management LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $103,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Blue Owl Capital in the 3rd quarter worth approximately $138,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $172,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Oppenheimer upped their price target on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and upped their price target for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. The Goldman Sachs Group cut Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Keefe, Bruyette & Woods upped their price target on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.27.

Blue Owl Capital Stock Down 4.4 %

Shares of Blue Owl Capital stock opened at $22.08 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 cap of $32.97 billion, a PE ratio of 129.87, a P/E/G ratio of 1.23 and a beta of 1.15. The business’s fifty day moving average is $24.01 and its two-hundred day moving average is $21.80.

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 analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is presently 423.55%.

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.