Gamco Investors INC. ET AL increased its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 437.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 293,330 shares of the company's stock after buying an additional 238,730 shares during the period. Gamco Investors INC. ET AL's holdings in Blue Owl Capital were worth $6,823,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of OWL. Rakuten Securities Inc. bought a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $27,000. 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 valued at $36,000 after buying an additional 428 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Blue Owl Capital by 232.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after purchasing an additional 1,315 shares in the last quarter. Versant Capital Management Inc grew its position in Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock valued at $45,000 after buying an additional 1,110 shares during the period. Finally, Principal Securities Inc. boosted its position in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after purchasing an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.
Blue Owl Capital Stock Performance
OWL stock traded up $0.34 on Friday, reaching $17.44. The company's stock had a trading volume of 6,634,079 shares, compared to its average volume of 6,612,198. The business has a fifty day simple moving average of $19.95 and a two-hundred day simple moving average of $22.21. The firm has a market cap of $26.81 billion, a PE ratio of 102.56, a PEG ratio of 1.23 and a beta of 1.20. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73.
Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.
Blue Owl Capital Dividend Announcement
The firm also recently declared 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 dividend on an annualized basis and a yield of 4.13%. Blue Owl Capital's payout ratio is 423.53%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. JMP Securities dropped their price objective on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Oppenheimer set a $24.00 price objective on shares of Blue Owl Capital and gave the stock an "outperform" rating in a research report on Wednesday. Evercore ISI boosted their target price 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. Barclays decreased their target price on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Finally, Citigroup decreased their price objective on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and an average target price of $23.79.
Read Our Latest Report on Blue Owl Capital
Blue Owl Capital Company Profile
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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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