Scholtz & Company LLC Boosts Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Scholtz & Company LLC increased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 13.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,615 shares of the company's stock after buying an additional 17,685 shares during the period. Blue Owl Capital comprises approximately 1.7% of Scholtz & Company LLC's investment portfolio, making the stock its 23rd largest holding. Scholtz & Company LLC's holdings in Blue Owl Capital were worth $3,573,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OWL. Geode Capital Management LLC increased its stake in Blue Owl Capital by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company's stock worth $196,060,000 after buying an additional 274,094 shares in the last quarter. StoneX Group Inc. acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $422,000. Franklin Resources Inc. increased its position in shares of Blue Owl Capital by 3.9% during the fourth quarter. Franklin Resources Inc. now owns 2,928,919 shares of the company's stock worth $68,127,000 after purchasing an additional 110,045 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in Blue Owl Capital by 48.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,244,057 shares of the company's stock valued at $75,392,000 after purchasing an additional 1,057,101 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Blue Owl Capital by 5.1% in the 4th quarter. California Public Employees Retirement System now owns 798,955 shares of the company's stock valued at $18,584,000 after purchasing an additional 38,879 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

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Blue Owl Capital Stock Down 15.6 %

OWL stock traded down $3.30 during mid-day trading on Thursday, hitting $17.86. 15,588,096 shares of the company were exchanged, compared to its average volume of 6,129,617. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The firm has a market capitalization of $27.47 billion, a P/E ratio of 105.09, a PEG ratio of 1.23 and a beta of 1.19. The business has a fifty day simple moving average of $22.04 and a 200-day simple moving average of $22.38.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share 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%. Research analysts predict 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 issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 4.03%. Blue Owl Capital's dividend payout ratio is presently 423.53%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OWL. JMP Securities reaffirmed a "market outperform" rating and set a $32.00 target price (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Keefe, Bruyette & Woods upped their price target on Blue Owl Capital from $22.00 to $26.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. Evercore ISI lifted their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, January 17th. Finally, Barclays assumed coverage on Blue Owl Capital in a research note on Monday, February 24th. They set an "overweight" rating and a $29.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.