Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC boosted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 76.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,639 shares of the company’s stock after purchasing an additional 8,061 shares during the period. Frank Rimerman Advisors LLC’s holdings in Blue Owl Capital were worth $434,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new stake in shares of Blue Owl Capital during the 4th quarter worth about $27,000. Allworth Financial LP boosted its stake in shares of Blue Owl Capital by 43.3% during 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. Jones Financial Companies Lllp boosted its stake in shares of Blue Owl Capital by 232.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after acquiring an additional 1,315 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after acquiring an additional 450 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after acquiring an additional 1,110 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on OWL shares. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. JMP Securities reissued a “market outperform” rating and set a $32.00 target price (up from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and raised their price target for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Piper Sandler raised their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.48.

Blue Owl Capital Price Performance

OWL opened at $19.24 on Monday. The company’s 50 day simple moving average is $22.93 and its two-hundred day simple moving average is $22.12. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73. The firm has a market capitalization of $29.58 billion, a price-to-earnings ratio of 113.15, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last released its 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 net margin of 4.77% and a return on equity of 20.82%. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s payout ratio is presently 423.53%.

About Blue Owl Capital

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.