Mirae Asset Global Investments Co. Ltd. Boosts Stake in Blue Owl Capital Inc. (NYSE:OWL)

Mirae Asset Global Investments Co. Ltd. raised its position in Blue Owl Capital Inc. (NYSE:OWL) by 142.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,506 shares of the company’s stock after buying an additional 22,633 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Blue Owl Capital were worth $574,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barton Investment Management increased its stake in Blue Owl Capital by 7.0% in the 4th quarter. Barton Investment Management now owns 1,665,770 shares of the company’s stock valued at $24,820,000 after buying an additional 109,412 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $89,000. Capital Insight Partners LLC increased its stake in shares of Blue Owl Capital by 11.4% during the 4th quarter. Capital Insight Partners LLC now owns 22,368 shares of the company’s stock worth $333,000 after purchasing an additional 2,282 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $1,690,000. Finally, Private Trust Co. NA increased its stake in shares of Blue Owl Capital by 112.8% during the 4th quarter. Private Trust Co. NA now owns 6,570 shares of the company’s stock worth $98,000 after purchasing an additional 3,483 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OWL. JMP Securities restated a “market outperform” rating and set a $24.00 price target on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Piper Sandler raised their price target on shares of Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. TD Cowen began coverage on shares of Blue Owl Capital in a research note on Thursday, January 4th. They set an “outperform” rating and a $17.00 price target for the company. Deutsche Bank Aktiengesellschaft raised their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, The Goldman Sachs Group raised their price objective on shares of Blue Owl Capital from $17.75 to $20.25 and gave the stock a “buy” rating in a report on Monday, February 12th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.48.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $18.57 on Friday. The firm has a fifty day moving average price of $18.24 and a two-hundred day moving average price of $15.66. Blue Owl Capital Inc. has a one year low of $9.70 and a one year high of $19.87. The company has a market cap of $26.53 billion, a price-to-earnings ratio of 185.72, a PEG ratio of 1.21 and a beta of 1.27.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. The company had revenue of $494.04 million during the quarter, compared to the consensus estimate of $438.77 million. During the same period in the previous year, the firm posted $0.15 EPS. Equities research analysts expect that Blue Owl Capital Inc. will post 0.84 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Thursday, February 22nd. Blue Owl Capital’s dividend payout ratio is currently 560.06%.

Insider Transactions at Blue Owl Capital

In other news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of Blue Owl Capital stock in a transaction on Monday, January 29th. The shares were sold at an average price of $15.81, for a total transaction of $71,145,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 33.39% of the stock is currently owned by insiders.

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.