Blue Owl Capital Inc. (NYSE:OWL) Shares Purchased by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI increased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 5.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,932 shares of the company’s stock after purchasing an additional 832 shares during the period. Parsons Capital Management Inc. RI’s holdings in Blue Owl Capital were worth $300,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Blue Owl Capital by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company’s stock worth $520,983,000 after purchasing an additional 1,293,941 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in Blue Owl Capital during the 4th quarter worth $9,929,000. Exchange Traded Concepts LLC acquired a new stake in Blue Owl Capital during the 4th quarter worth $1,944,000. Foster Victor Wealth Advisors LLC boosted its stake in Blue Owl Capital by 31.1% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 420,675 shares of the company’s stock worth $6,293,000 after purchasing an additional 99,760 shares during the period. Finally, Advent International L.P. acquired a new stake in Blue Owl Capital during the 3rd quarter worth $30,780,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $15.81, for a total transaction of $71,145,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 33.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

OWL has been the subject of a number of research analyst reports. Piper Sandler increased their price target on shares of Blue Owl Capital from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. JMP Securities reaffirmed a “market outperform” rating and set a $24.00 price target on shares of Blue Owl Capital in a research note on Tuesday, April 9th. The Goldman Sachs Group raised their price target on shares of Blue Owl Capital from $17.75 to $20.25 and gave the stock a “buy” rating in a research note on Monday, February 12th. UBS Group raised shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and raised their target price for the stock from $18.00 to $22.00 in a research report on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.48.

Blue Owl Capital Price Performance

Shares of NYSE:OWL traded up $0.22 during midday trading on Friday, reaching $18.79. The company had a trading volume of 2,294,565 shares, compared to its average volume of 3,638,596. The stock’s fifty day moving average price is $18.26 and its 200-day moving average price is $15.72. The stock has a market capitalization of $26.85 billion, a P/E ratio of 187.92, a PEG ratio of 1.22 and a beta of 1.27. Blue Owl Capital Inc. has a one year low of $9.70 and a one year high of $19.87.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Friday, February 9th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $494.04 million during the quarter, compared to the consensus estimate of $438.77 million. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. During the same quarter in the previous year, the company posted $0.15 earnings per share. As a group, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.84 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 23rd were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Thursday, February 22nd. Blue Owl Capital’s dividend payout ratio is presently 560.06%.

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.