HUB Investment Partners LLC reduced its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 771,993 shares of the company's stock after selling 37,656 shares during the period. HUB Investment Partners LLC owned 0.05% of Blue Owl Capital worth $17,957,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OWL. Rothschild Investment LLC increased its stake in Blue Owl Capital by 316.1% in the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock worth $790,000 after acquiring an additional 25,795 shares during the last quarter. JPMorgan Chase & Co. increased its position in Blue Owl Capital by 17.9% in the third 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 during the last quarter. Arizona State Retirement System increased its position in Blue Owl Capital by 14.7% in the fourth quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock worth $3,599,000 after purchasing an additional 19,810 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at $1,773,000. Finally, Charles Schwab Investment Management Inc. lifted 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 valued at $80,179,000 after purchasing an additional 106,485 shares during the last quarter. 35.85% of the stock is owned by institutional investors.
Blue Owl Capital Stock Up 4.9 %
OWL stock traded up $1.01 during trading on Monday, hitting $21.66. The company had a trading volume of 7,051,830 shares, compared to its average volume of 5,932,119. Blue Owl Capital Inc. has a 52-week low of $15.18 and a 52-week high of $26.73. The company has a 50 day simple moving average of $22.65 and a 200-day simple moving average of $22.27. The firm has a market capitalization of $33.31 billion, a P/E ratio of 127.43, a PEG ratio of 1.23 and a beta of 1.19.
Blue Owl Capital (NYSE:OWL - Get Free Report) last issued 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 net margin of 4.77% and a return on equity of 20.82%. Sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.
Blue Owl Capital Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio (DPR) is presently 423.53%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on OWL. JMP Securities restated a "market outperform" rating and set a $32.00 target price (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Keefe, Bruyette & Woods upped their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. Barclays initiated coverage on Blue Owl Capital in a research note on Monday, February 24th. They issued an "overweight" rating and a $29.00 price objective for the company. Oppenheimer boosted their target price on Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Finally, Piper Sandler increased their price target on Blue Owl Capital from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Monday, December 23rd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $26.33.
Get Our Latest Stock Report on Blue Owl Capital
About Blue Owl Capital
(
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.
Recommended Stories
Before you consider Blue Owl Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blue Owl Capital wasn't on the list.
While Blue Owl Capital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
