AGF Management Ltd. Buys New Stake in Blue Owl Capital Inc. (NYSE:OWL)

AGF Management Ltd. bought a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,958 shares of the company’s stock, valued at approximately $325,000.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP increased its stake in Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after purchasing an additional 428 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Blue Owl Capital by 232.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock valued at $44,000 after purchasing an additional 1,315 shares in the last quarter. Principal Securities Inc. increased its stake in Blue Owl Capital by 30.6% during the 4th 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. Versant Capital Management Inc increased its stake in Blue Owl Capital by 136.2% during 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. Finally, Blue Trust Inc. increased its stake in Blue Owl Capital by 182.2% during the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock valued at $47,000 after purchasing an additional 1,310 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

OWL stock opened at $19.24 on Friday. The firm has a market cap of $29.58 billion, a PE ratio of 113.15, a P/E/G ratio of 1.23 and a beta of 1.19. The firm’s fifty day moving average is $22.93 and its 200 day moving average is $22.09. Blue Owl Capital Inc. has a one year low of $15.18 and a one year high of $26.73.

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

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a $0.18 dividend. 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 dividend payout ratio is currently 423.53%.

Analysts Set New Price Targets

OWL has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Wells Fargo & Company cut their price objective on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Piper Sandler increased their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.