Oak Thistle LLC Boosts Stake in Blue Owl Capital Inc. (NYSE:OWL)

Oak Thistle LLC lifted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 474.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,672 shares of the company’s stock after buying an additional 78,196 shares during the period. Blue Owl Capital makes up approximately 0.7% of Oak Thistle LLC’s investment portfolio, making the stock its 17th biggest holding. Oak Thistle LLC’s holdings in Blue Owl Capital were worth $2,202,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in OWL. FMR LLC lifted its stake in Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after acquiring an additional 8,138,475 shares during the period. Stone Point Capital LLC purchased a new position in shares of Blue Owl Capital during the second quarter worth $112,749,000. Point72 Asset Management L.P. lifted its position in Blue Owl Capital by 69.2% during the second quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company’s stock valued at $73,035,000 after purchasing an additional 1,683,408 shares during the period. JPMorgan Chase & Co. lifted its position in Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after purchasing an additional 1,372,865 shares during the period. Finally, Point72 Europe London LLP purchased a new stake in Blue Owl Capital in the second quarter valued at $21,243,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Up 0.7 %

Shares of NYSE OWL opened at $22.51 on Wednesday. The firm has a market cap of $33.62 billion, a price-to-earnings ratio of 132.42, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. The company’s 50-day simple moving average is $23.49 and its 200-day simple moving average is $20.58. Blue Owl Capital Inc. has a 52-week low of $14.42 and a 52-week high of $25.03.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same period in the previous year, the business earned $0.16 EPS. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OWL shares. Piper Sandler lifted their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Wells Fargo & Company decreased their price target on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday. JMP Securities restated a “market outperform” rating and issued a $27.00 price objective on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group downgraded shares of 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. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.02.

Blue Owl Capital 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.