Garner Asset Management Corp purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,280 shares of the company's stock, valued at approximately $541,000.
A number of other hedge funds have also modified their holdings of the business. Rothschild Investment LLC grew its holdings in shares of Blue Owl Capital by 316.1% during the fourth quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock worth $790,000 after buying an additional 25,795 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock worth $174,829,000 after buying an additional 1,372,865 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Blue Owl Capital by 14.7% during the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock valued at $3,599,000 after acquiring an additional 19,810 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $1,773,000. Finally, Charles Schwab Investment Management Inc. increased its position in Blue Owl Capital by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock worth $80,179,000 after purchasing an additional 106,485 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.
Blue Owl Capital Stock Performance
Shares of Blue Owl Capital stock traded up $0.34 during trading on Friday, reaching $17.44. The company had a trading volume of 6,634,079 shares, compared to its average volume of 6,580,951. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The firm's fifty day moving average is $20.07 and its 200-day moving average is $22.21. The company has a market cap of $26.81 billion, a price-to-earnings ratio of 102.56, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.
Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results 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 return on equity of 20.82% and a net margin of 4.77%. On average, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.
Blue Owl Capital Dividend Announcement
The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is presently 423.53%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on OWL shares. TD Cowen upgraded Blue Owl Capital from a "hold" rating to a "buy" rating and upped their price objective for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. JMP Securities reduced their price target on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the company an "outperform" rating in a report on Wednesday. Barclays cut their price objective 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, Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $23.79.
View Our Latest Stock Report on OWL
Blue Owl Capital 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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