Artisan Partners Limited Partnership Purchases Shares of 264,331 Blue Owl Capital Inc. (NYSE:OWL)

Artisan Partners Limited Partnership bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 264,331 shares of the company's stock, valued at approximately $6,148,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. purchased a new stake in Blue Owl Capital during the fourth quarter valued at about $27,000. Allworth Financial LP grew its position in 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. Jones Financial Companies Lllp raised its stake in Blue Owl Capital by 232.7% during the 4th 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 boosted its position in shares of Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock worth $45,000 after buying an additional 1,110 shares during the period. Finally, Principal Securities Inc. boosted its position 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 worth $45,000 after buying an additional 450 shares during the period. Institutional investors and hedge funds own 35.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OWL. Wells Fargo & Company decreased their price objective 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. Oppenheimer upped their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Barclays started coverage on shares of Blue Owl Capital in a research note on Monday, February 24th. They set an "overweight" rating and a $29.00 target price for the company. Citigroup reiterated a "buy" rating and set a $30.00 price objective on shares of Blue Owl Capital in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group lowered Blue Owl Capital from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.33.

Remove Ads

Blue Owl Capital Trading Down 0.3 %

Blue Owl Capital stock traded down $0.07 during trading hours on Monday, reaching $20.08. 6,295,261 shares of the company were exchanged, compared to its average volume of 6,088,117. Blue Owl Capital Inc. has a 12 month low of $15.18 and a 12 month high of $26.73. The stock has a 50-day moving average of $22.46 and a 200 day moving average of $22.38. The firm has a market cap of $30.89 billion, a price-to-earnings ratio of 118.15, a PEG ratio of 1.23 and a beta of 1.19.

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%. As a group, research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.58%. Blue Owl Capital's payout ratio is 423.53%.

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.