Avalon Trust Co Makes New Investment in Blue Owl Capital Inc. (NYSE:OWL)

Avalon Trust Co acquired a new position in 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 (SEC). The fund acquired 779,350 shares of the company's stock, valued at approximately $18,128,000. Blue Owl Capital comprises approximately 1.3% of Avalon Trust Co's holdings, making the stock its 24th biggest position. Avalon Trust Co owned about 0.05% of Blue Owl Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Rakuten Securities Inc. acquired a new position in Blue Owl Capital during the 4th quarter worth $27,000. Allworth Financial LP lifted its position 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 during the last quarter. Jones Financial Companies Lllp boosted 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. Principal Securities Inc. grew its holdings in Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after buying an additional 450 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in Blue Owl Capital by 136.2% in the 4th 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. 35.85% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

OWL has been the subject of several research reports. JMP Securities reissued a "market outperform" rating and issued a $32.00 price objective (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Barclays initiated coverage on shares of Blue Owl Capital in a report on Monday, February 24th. They issued an "overweight" rating and a $29.00 price target for the company. Evercore ISI boosted their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Citigroup reaffirmed a "buy" rating and set a $30.00 price objective on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Finally, Piper Sandler lifted their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Monday, December 23rd. 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.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $26.33.

Blue Owl Capital Price Performance

Shares of OWL stock traded down $0.33 during trading hours on Thursday, hitting $20.68. 11,247,384 shares of the company's stock were exchanged, compared to its average volume of 5,885,011. The stock's 50-day moving average is $22.76 and its 200-day moving average is $22.14. Blue Owl Capital Inc. has a 52 week low of $15.18 and a 52 week high of $26.73. The stock has a market cap of $31.80 billion, a price-to-earnings ratio of 121.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, hitting 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 forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.48%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio (DPR) is presently 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.