Asset Management One Co. Ltd. acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 14,901 shares of the company's stock, valued at approximately $352,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OWL. Versant Capital Management Inc increased its stake in shares of Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock valued at $45,000 after buying an additional 1,110 shares during the period. Blue Trust Inc. boosted its holdings in Blue Owl Capital by 182.2% in the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock worth $47,000 after acquiring an additional 1,310 shares in the last quarter. Copeland Capital Management LLC bought a new position in Blue Owl Capital in the fourth quarter worth approximately $103,000. Wilmington Savings Fund Society FSB bought a new position in shares of Blue Owl Capital in the third quarter valued at approximately $138,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $172,000. 35.85% of the stock is owned by institutional investors and hedge funds.
OWL has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target on Blue Owl Capital from $22.00 to $26.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. TD Cowen raised Blue Owl Capital from a "hold" rating to a "buy" rating and increased their price target for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. The Goldman Sachs Group downgraded Blue Owl Capital from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. Evercore ISI raised their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Blue Owl Capital from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $26.27.
Check Out Our Latest Stock Analysis on OWL
Shares of NYSE OWL traded down $1.02 during mid-day trading on Friday, hitting $22.08. The company had a trading volume of 6,746,336 shares, compared to its average volume of 6,185,939. The company has a market capitalization of $32.97 billion, a price-to-earnings ratio of 129.87, a P/E/G ratio of 1.28 and a beta of 1.15. Blue Owl Capital Inc. has a 1 year low of $15.18 and a 1 year high of $26.73. The stock's 50-day moving average price is $24.06 and its 200-day moving average price is $21.72.
Blue Owl Capital (NYSE:OWL - Get Free Report) 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 return on equity of 20.82% and a net margin of 4.77%. As a group, equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.26%. The ex-dividend date is Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is 423.55%.
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.
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