ExodusPoint Capital Management LP Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

ExodusPoint Capital Management LP bought a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 781,091 shares of the company's stock, valued at approximately $18,168,000. ExodusPoint Capital Management LP owned approximately 0.05% of Blue Owl Capital at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. bought a new position in Blue Owl Capital during the 4th quarter valued at about $27,000. Allworth Financial LP raised its holdings in shares of Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after purchasing an additional 428 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Blue Owl Capital by 232.7% during the fourth 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. boosted its holdings in 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 purchasing an additional 450 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in Blue Owl Capital by 136.2% during the 4th 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 last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

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Blue Owl Capital Stock Performance

OWL traded up $2.24 on Wednesday, hitting $18.17. The company had a trading volume of 22,749,366 shares, compared to its average volume of 6,370,940. The stock has a fifty day moving average price of $20.94 and a 200-day moving average price of $22.31. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The stock has a market capitalization of $27.94 billion, a price-to-earnings ratio of 106.89, a P/E/G ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS 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. Shareholders of record on Wednesday, February 19th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's payout ratio is 423.53%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on OWL shares. The Goldman Sachs Group downgraded shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $25.00 to $24.75 in a report on Monday, January 6th. JMP Securities cut 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 research report on Tuesday. Citigroup decreased their target price on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday. Oppenheimer upped their price target on Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Finally, TD Cowen raised Blue Owl Capital from a "hold" rating to a "buy" rating and lifted their price objective for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.10.

About Blue Owl Capital

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.