Lionshead Wealth Management LLC Makes New Investment in Blue Owl Capital Inc. (NYSE:OWL)

Lionshead Wealth Management LLC purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,752 shares of the company’s stock, valued at approximately $320,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors increased its holdings in Blue Owl Capital by 14.5% during the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock valued at $1,794,943,000 after acquiring an additional 9,794,102 shares in the last quarter. Vanguard Group Inc. lifted its stake in Blue Owl Capital by 11.7% in the 4th 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. FMR LLC lifted its stake in Blue Owl Capital by 28.1% in the 4th quarter. FMR LLC now owns 45,241,160 shares of the company’s stock valued at $1,052,309,000 after buying an additional 9,917,071 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Blue Owl Capital by 2.4% in the 4th quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company’s stock valued at $215,131,000 after buying an additional 218,586 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Blue Owl Capital by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company’s stock valued at $196,060,000 after buying an additional 274,094 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on OWL shares. Wells Fargo & Company boosted their price target on Blue Owl Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Citigroup decreased their price target on shares of Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Piper Sandler reduced their price objective on shares of Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and upped their price objective for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Finally, Oppenheimer set a $24.00 price target on Blue Owl Capital and gave the company an “outperform” rating in a report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.56.

Blue Owl Capital Trading Down 0.1%

Shares of Blue Owl Capital stock opened at $18.53 on Monday. The business’s fifty day moving average price is $18.66 and its 200 day moving average price is $21.81. The stock 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 twelve month low of $14.55 and a twelve month high of $26.73.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share (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 return on equity of 20.82% and a net margin of 4.77%. As a group, sell-side analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a $0.225 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, May 14th. This represents a $0.90 annualized dividend and a dividend yield of 4.86%. Blue Owl Capital’s dividend payout ratio is presently 692.31%.

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.