Gabelli Funds LLC Purchases 132,605 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Gabelli Funds LLC raised its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 63.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 342,105 shares of the company's stock after purchasing an additional 132,605 shares during the period. Gabelli Funds LLC's holdings in Blue Owl Capital were worth $7,957,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Rakuten Securities Inc. bought a new stake in Blue Owl Capital during the fourth quarter valued at $27,000. Allworth Financial LP raised its holdings in shares of Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after acquiring an additional 428 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of 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 acquiring an additional 1,315 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock worth $45,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of 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. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OWL has been the subject of several research analyst reports. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the company an "outperform" rating in a research report on Wednesday. Barclays cut their target price on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Citigroup lowered their price target on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company cut their price objective on Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Piper Sandler decreased their price objective on Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.79.

Blue Owl Capital Stock Down 2.7 %

Shares of NYSE OWL opened at $17.11 on Thursday. The firm's fifty day moving average is $20.20 and its 200 day moving average is $22.22. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The company has a market cap of $26.31 billion, a price-to-earnings ratio of 100.65, a PEG ratio of 1.23 and a beta of 1.20.

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, 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%. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 4.21%. Blue Owl Capital's dividend payout ratio (DPR) is presently 423.53%.

Blue Owl Capital Company 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.

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