Blue Owl Capital Inc. (NYSE:OWL) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 5.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 426,303 shares of the company’s stock after acquiring an additional 20,409 shares during the period. Empowered Funds LLC’s holdings in Blue Owl Capital were worth $9,916,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OWL. ORG Wealth Partners LLC purchased a new stake in shares of Blue Owl Capital in the third quarter valued at about $32,000. Versant Capital Management Inc raised its position 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 purchasing an additional 1,110 shares during the last quarter. Blue Trust Inc. lifted its stake in Blue Owl Capital by 182.2% in the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock valued at $47,000 after buying an additional 1,310 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in Blue Owl Capital during the 4th quarter valued at $103,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Blue Owl Capital during the third quarter worth $138,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Down 4.9 %

Shares of Blue Owl Capital stock opened at $23.56 on Monday. The business’s fifty day moving average price is $24.05 and its 200 day moving average price is $21.44. Blue Owl Capital Inc. has a twelve month low of $15.18 and a twelve month high of $26.73. The stock has a market capitalization of $35.19 billion, a P/E ratio of 138.60, a PEG ratio of 1.34 and a beta of 1.15.

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

Blue Owl Capital Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.06%. Blue Owl Capital’s dividend payout ratio is currently 423.55%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OWL. JMP Securities restated a “market outperform” rating and issued a $32.00 price objective (up from $30.00) on shares of Blue Owl Capital in a research report on Friday. UBS Group raised their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Piper Sandler lifted their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Oppenheimer upped their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group cut 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. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.27.

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.