Gamco Investors INC. ET AL Increases Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Gamco Investors INC. ET AL increased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 437.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 293,330 shares of the company’s stock after purchasing an additional 238,730 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Blue Owl Capital were worth $6,823,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new position in shares of Blue Owl Capital during the 4th quarter worth about $27,000. Allworth Financial LP increased its position in Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after purchasing an additional 428 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after purchasing an additional 1,315 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Blue Owl Capital by 136.2% in the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in shares of 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 buying an additional 450 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $17.11 on Thursday. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The business has a 50-day moving average of $20.20 and a 200-day moving average of $22.22. The company has a market capitalization of $26.31 billion, a PE ratio of 100.65, a P/E/G ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share 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, equities analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share 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. Investors of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.21%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.53%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JMP Securities cut their target price on Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Citigroup decreased their target price on Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.00 to $24.75 in a report on Monday, January 6th. Finally, Piper Sandler decreased their price objective on shares of Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average price target of $23.79.

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.