Norges Bank acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 9,413,871 shares of the company’s stock, valued at approximately $140,643,000.
Other large investors have also made changes to their positions in the company. Roxbury Financial LLC boosted its holdings in Blue Owl Capital by 383.6% in the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after acquiring an additional 1,400 shares during the last quarter. Halbert Hargrove Global Advisors LLC increased its stake in Blue Owl Capital by 83.5% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock worth $30,000 after acquiring an additional 910 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Blue Owl Capital in the 2nd quarter worth about $51,000. Western Pacific Wealth Management LP purchased a new position in shares of Blue Owl Capital in the 4th quarter worth about $58,000. Finally, Clearstead Advisors LLC lifted its stake in shares of Blue Owl Capital by 360.2% in the 4th quarter. Clearstead Advisors LLC now owns 4,602 shares of the company’s stock valued at $69,000 after purchasing an additional 3,602 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Piper Sandler cut their price target on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. TD Cowen reaffirmed a “buy” rating and set a $14.00 price target on shares of Blue Owl Capital in a research report on Monday, May 18th. Evercore set a $14.00 price objective on shares of Blue Owl Capital in a research note on Friday, February 6th. Finally, UBS Group increased their price objective on shares of Blue Owl Capital from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.04.
Blue Owl Capital Stock Performance
Shares of NYSE:OWL opened at $10.20 on Friday. The business’s 50-day simple moving average is $9.51 and its 200 day simple moving average is $12.06. The company has a market cap of $15.85 billion, a P/E ratio of 84.96, a PEG ratio of 1.02 and a beta of 1.20. Blue Owl Capital Inc. has a one year low of $7.95 and a one year high of $21.08.
Blue Owl Capital (NYSE:OWL – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The firm had revenue of $699.88 million during the quarter, compared to analysts’ expectations of $687.23 million. Analysts predict that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.
Blue Owl Capital Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 9.0%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, May 13th. Blue Owl Capital’s payout ratio is currently 766.67%.
Blue Owl Capital Company Profile
Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.
Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.
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