Benjamin Edwards Inc. Purchases 658 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Benjamin Edwards Inc. increased its position in Blue Owl Capital Inc. (NYSE:OWL) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,888 shares of the company’s stock after purchasing an additional 658 shares during the quarter. Benjamin Edwards Inc.’s holdings in Blue Owl Capital were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in OWL. Rakuten Securities Inc. bought a new position in Blue Owl Capital in the fourth quarter worth $27,000. Allworth Financial LP grew its position in shares of Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after buying an additional 428 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Blue Owl Capital by 232.7% in the 4th 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 in the last quarter. Principal Securities Inc. lifted its position in Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after acquiring an additional 450 shares during the period. Finally, Blue Trust Inc. boosted its stake in Blue Owl Capital by 182.2% during 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. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of OWL opened at $18.53 on Friday. The firm has a market capitalization of $28.50 billion, a P/E ratio of 109.01, a PEG ratio of 1.23 and a beta of 1.21. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The business has a fifty day moving average of $18.66 and a 200 day moving average of $21.83.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $620.19 million for the quarter, compared to analysts’ expectations of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.18. Blue Owl Capital’s dividend payout ratio (DPR) is currently 692.31%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on OWL. UBS Group lowered their target price on shares of Blue Owl Capital from $26.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Piper Sandler dropped their target price on Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company raised their price target on Blue Owl Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Cfra Research upgraded shares of Blue Owl Capital to a “moderate buy” rating in a research note on Thursday, March 27th. Finally, Evercore ISI increased their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.56.

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.