Grandeur Peak Global Advisors LLC reduced its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 66.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,031 shares of the company's stock after selling 133,357 shares during the period. Grandeur Peak Global Advisors LLC's holdings in Blue Owl Capital were worth $1,559,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company's stock valued at $1,052,309,000 after acquiring an additional 9,917,071 shares during the last quarter. Norges Bank bought a new position in Blue Owl Capital in the fourth quarter valued at approximately $137,118,000. Vanguard Group Inc. increased its position in shares of Blue Owl Capital by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after purchasing an additional 5,558,868 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock worth $174,829,000 after purchasing an additional 1,372,865 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Blue Owl Capital by 23.8% in the 4th quarter. Federated Hermes Inc. now owns 6,876,700 shares of the company's stock valued at $159,952,000 after buying an additional 1,322,800 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Citigroup dropped their price target on shares of 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. Keefe, Bruyette & Woods upped their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a "market perform" rating in a report on Friday, December 20th. JMP Securities reduced their price target on 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. The Goldman Sachs Group lowered Blue Owl Capital from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Finally, Evercore ISI lifted their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $24.10.
Check Out Our Latest Stock Analysis on Blue Owl Capital
Blue Owl Capital Stock Performance
NYSE:OWL traded up $0.36 during mid-day trading on Tuesday, reaching $17.57. 9,445,795 shares of the company's stock were exchanged, compared to its average volume of 6,515,944. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The business's fifty day simple moving average is $20.33 and its two-hundred day simple moving average is $22.26. The firm has a market capitalization of $27.02 billion, a PE ratio of 103.35, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.
Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its 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 net margin of 4.77% and a return on equity of 20.82%. As a group, equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.
Blue Owl Capital Dividend Announcement
The business 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. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 4.10%. Blue Owl Capital's dividend payout ratio is presently 423.53%.
Blue Owl Capital Profile
(
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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