Blue Owl Capital Inc. (NYSE:OWL) Shares Purchased by Mariner LLC

Mariner LLC grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,296 shares of the company’s stock after acquiring an additional 2,116 shares during the quarter. Mariner LLC’s holdings in Blue Owl Capital were worth $1,216,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its position in shares of Blue Owl Capital by 28.1% during the fourth quarter. FMR LLC now owns 45,241,160 shares of the company’s stock worth $1,052,309,000 after purchasing an additional 9,917,071 shares during the last quarter. Norges Bank bought a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $137,118,000. Vanguard Group Inc. boosted its stake in Blue Owl Capital by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock valued at $1,237,581,000 after buying an additional 5,558,868 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after purchasing an additional 1,372,865 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Blue Owl Capital by 23.8% during the fourth quarter. Federated Hermes Inc. now owns 6,876,700 shares of the company’s stock worth $159,952,000 after purchasing an additional 1,322,800 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $18.50 on Friday. The firm’s 50 day simple moving average is $19.33 and its 200 day simple moving average is $22.11. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The company has a market capitalization of $28.45 billion, a price-to-earnings ratio of 108.83, a P/E/G ratio of 1.23 and a beta of 1.20.

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%. Equities research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s payout ratio is presently 423.53%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and increased their target price for the company from $26.00 to $28.00 in a report on Thursday, January 16th. The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their price objective for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Cfra Research upgraded shares of Blue Owl Capital to a “moderate buy” rating in a research note on Thursday, March 27th. Wells Fargo & Company reduced their price objective on Blue Owl Capital from $22.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Finally, Citigroup reduced their price objective on Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.79.

Blue Owl Capital 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.