Proficio Capital Partners LLC Makes New Investment in Blue Owl Capital Inc. (NYSE:OWL)

Proficio Capital Partners LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 20,957 shares of the company's stock, valued at approximately $487,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OWL. FMR LLC raised its holdings in Blue Owl Capital by 29.9% during the third quarter. FMR LLC now owns 35,324,089 shares of the company's stock worth $683,874,000 after purchasing an additional 8,138,475 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Blue Owl Capital by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock valued at $174,829,000 after buying an additional 1,372,865 shares during the last quarter. State Street Corp lifted its stake in shares of Blue Owl Capital by 5.6% during the third quarter. State Street Corp now owns 8,452,073 shares of the company's stock valued at $163,632,000 after buying an additional 449,066 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company's stock worth $157,870,000 after purchasing an additional 1,016,505 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Blue Owl Capital by 29.1% in the third quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company's stock valued at $69,690,000 after purchasing an additional 811,334 shares during the period. Institutional investors and hedge funds own 35.85% of the company's stock.

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Blue Owl Capital Price Performance

Shares of OWL traded down $0.22 during trading hours on Friday, hitting $20.19. 5,394,143 shares of the company were exchanged, compared to its average volume of 6,081,965. Blue Owl Capital Inc. has a one year low of $15.18 and a one year high of $26.73. The company has a market capitalization of $31.04 billion, a PE ratio of 118.74, a PEG ratio of 1.23 and a beta of 1.19. The firm has a fifty day simple moving average of $22.54 and a 200-day simple moving average of $22.28.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 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%. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is 423.53%.

Wall Street Analyst Weigh In

OWL has been the subject of several research analyst reports. Piper Sandler upped their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Monday, December 23rd. TD Cowen raised shares of Blue Owl Capital from a "hold" rating to a "buy" rating and increased their price objective for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. The Goldman Sachs Group lowered Blue Owl Capital from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. JMP Securities restated a "market outperform" rating and issued a $32.00 price target (up previously from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Finally, Wells Fargo & Company reduced their price target on Blue Owl Capital from $24.00 to $22.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Blue Owl Capital currently has an average rating of "Moderate Buy" and an average price target of $26.33.

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.