17,505 Shares in Blue Owl Capital Inc. (NYSE:OWL) Acquired by Burling Wealth Partners LLC

Burling Wealth Partners LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 17,505 shares of the company's stock, valued at approximately $407,000.

Several other institutional investors also recently bought and sold shares of OWL. Rakuten Securities Inc. purchased a new position in Blue Owl Capital in the 4th quarter worth approximately $27,000. Allworth Financial LP lifted its position in shares of 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 in the last quarter. Jones Financial Companies Lllp boosted its stake 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 valued at $44,000 after purchasing an additional 1,315 shares during the period. Versant Capital Management Inc grew its holdings in Blue Owl Capital by 136.2% during 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 in the last quarter. Finally, Principal Securities Inc. increased its stake in Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after buying an additional 450 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Evercore ISI upped 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. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Barclays cut their target price on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. JMP Securities decreased their price target on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Finally, TD Cowen upgraded shares of Blue Owl Capital from a "hold" rating to a "buy" rating and lifted their price target for the stock from $26.00 to $28.00 in a research note on Thursday, January 16th. Four research 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 presently has an average rating of "Moderate Buy" and an average target price of $23.79.

Blue Owl Capital Price Performance

Shares of NYSE:OWL traded up $0.25 during trading on Monday, reaching $18.75. 7,315,857 shares of the company's stock traded hands, compared to its average volume of 6,717,327. The stock has a market capitalization of $28.83 billion, a P/E ratio of 110.30, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The company has a 50 day moving average of $19.33 and a 200-day moving average of $22.12.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its 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 net margin of 4.77% and a return on equity of 20.82%. Equities research analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's payout ratio is currently 423.53%.

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.