Steward Partners Investment Advisory LLC Increases Stake in Blue Owl Capital Inc. (NYSE:OWL)

Steward Partners Investment Advisory LLC grew its stake in Blue Owl Capital Inc. (NYSE:OWL) by 8.1% during the 4th quarter, HoldingsChannel reports. The firm owned 271,492 shares of the company’s stock after buying an additional 20,384 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Blue Owl Capital were worth $6,315,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Blue Owl Capital during the fourth quarter worth $460,000. Jones Financial Companies Lllp raised its position in shares of Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after acquiring an additional 1,315 shares during the period. Dynasty Wealth Management LLC boosted its stake in shares of Blue Owl Capital by 0.5% during the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company’s stock worth $1,828,000 after acquiring an additional 417 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Blue Owl Capital by 30.4% during the 4th quarter. QRG Capital Management Inc. now owns 18,225 shares of the company’s stock valued at $424,000 after acquiring an additional 4,245 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter valued at about $487,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 3.1 %

Shares of NYSE OWL opened at $20.39 on Thursday. The stock has a market cap of $31.36 billion, a PE ratio of 119.96, a P/E/G ratio of 1.23 and a beta of 1.15. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The company has a 50-day moving average of $23.57 and a 200 day moving average of $22.01.

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

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.53%. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Analyst Ratings Changes

OWL has been the topic of a number of recent analyst reports. Oppenheimer increased their price target on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Keefe, Bruyette & Woods increased their target price 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. Evercore ISI boosted their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and increased their price objective for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Finally, JMP Securities reissued a “market outperform” rating and set a $32.00 target price (up previously from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.