Argentarii LLC Purchases New Stake in Blue Owl Capital Inc. (NYSE:OWL)

Argentarii LLC acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 36,903 shares of the company's stock, valued at approximately $858,000.

Several other hedge funds also recently modified their holdings of the stock. Global Retirement Partners LLC boosted its position in Blue Owl Capital by 1.6% during the fourth quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock valued at $593,000 after purchasing an additional 413 shares during the last quarter. Dynasty Wealth Management LLC raised its stake in shares of Blue Owl Capital by 0.5% during the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock worth $1,828,000 after purchasing an additional 417 shares in the last quarter. Allworth Financial LP raised its stake in shares of Blue Owl Capital by 43.3% during the 4th 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. Kovitz Investment Group Partners LLC boosted its holdings in shares of Blue Owl Capital by 1.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company's stock valued at $622,000 after buying an additional 443 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in shares of Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after buying an additional 450 shares in the last quarter. Institutional investors own 35.85% of the company's stock.

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Blue Owl Capital Stock Performance

NYSE:OWL traded down $0.56 during mid-day trading on Thursday, hitting $18.42. 5,798,621 shares of the stock were exchanged, compared to its average volume of 6,842,705. The firm's 50-day simple moving average is $23.13 and its 200 day simple moving average is $22.07. Blue Owl Capital Inc. has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The stock has a market capitalization of $28.32 billion, a price-to-earnings ratio of 108.33, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced 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%. On average, analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.91%. Blue Owl Capital's payout ratio is presently 423.53%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OWL. JMP Securities reaffirmed a "market outperform" rating and set a $32.00 price target (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. TD Cowen raised shares of Blue Owl Capital from a "hold" rating to a "buy" rating and upped their target price for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Keefe, Bruyette & Woods lifted their price target on Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. Barclays began coverage on Blue Owl Capital in a research report on Monday, February 24th. They set an "overweight" rating and a $29.00 price target on the stock. Finally, Wells Fargo & Company cut their price objective on Blue Owl Capital from $25.00 to $24.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $26.48.

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.