Capital CS Group LLC acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 26,639 shares of the company's stock, valued at approximately $620,000. Blue Owl Capital makes up approximately 0.8% of Capital CS Group LLC's investment portfolio, making the stock its 20th biggest position.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC acquired a new position in Blue Owl Capital during the third quarter worth approximately $32,000. Versant Capital Management Inc increased 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 acquiring an additional 1,110 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Blue Owl Capital in the 3rd quarter valued at $138,000. Signaturefd LLC raised its position in Blue Owl Capital by 19.3% in the 3rd quarter. Signaturefd LLC now owns 9,137 shares of the company's stock valued at $177,000 after purchasing an additional 1,476 shares during the last quarter. Finally, Chiron Investment Management LLC acquired a new stake in Blue Owl Capital during the 3rd quarter worth $196,000. Institutional investors and hedge funds own 35.85% of the company's stock.
Blue Owl Capital Price Performance
Blue Owl Capital stock traded up $0.15 during trading hours on Tuesday, hitting $22.51. The stock had a trading volume of 3,357,730 shares, compared to its average volume of 5,688,990. Blue Owl Capital Inc. has a 1-year low of $14.42 and a 1-year high of $25.03. The stock has a market capitalization of $33.62 billion, a price-to-earnings ratio of 132.42, a PEG ratio of 1.66 and a beta of 1.14. The stock's fifty day moving average is $23.49 and its two-hundred day moving average is $20.58.
Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The business had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same period in the prior year, the business earned $0.16 earnings per share. As a group, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.78 EPS for the current year.
Blue Owl Capital Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital's payout ratio is 423.53%.
Analysts Set New Price Targets
OWL has been the topic of a number of recent research reports. The Goldman Sachs Group lowered shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Piper Sandler upped their price target on Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, December 23rd. UBS Group raised their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their target price on Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a research report on Friday, December 20th. Finally, JMP Securities reissued a "market outperform" rating and set a $27.00 target price on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.02.
Read Our Latest Analysis on Blue Owl Capital
About Blue Owl Capital
(
Free Report)
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.
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