Lewis Asset Management LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,250 shares of the company's stock, valued at approximately $238,000.
Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock worth $174,829,000 after acquiring an additional 1,372,865 shares during the last quarter. Westfield Capital Management Co. LP grew its position in shares of Blue Owl Capital by 4.6% in the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company's stock valued at $130,415,000 after purchasing an additional 293,221 shares in the last quarter. Barclays PLC increased its holdings in shares of Blue Owl Capital by 13.7% in the third quarter. Barclays PLC now owns 1,571,806 shares of the company's stock valued at $30,430,000 after purchasing an additional 189,082 shares during the last quarter. Capital CS Group LLC purchased a new position in Blue Owl Capital during the fourth quarter worth approximately $620,000. Finally, Merit Financial Group LLC acquired a new position in Blue Owl Capital during the fourth quarter worth $519,000. Institutional investors and hedge funds own 35.85% of the company's stock.
Blue Owl Capital Trading Down 1.9 %
NYSE:OWL traded down $0.50 during midday trading on Monday, reaching $25.51. The company had a trading volume of 2,420,575 shares, compared to its average volume of 6,264,770. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The firm has a market capitalization of $38.09 billion, a price-to-earnings ratio of 150.51, a PEG ratio of 1.41 and a beta of 1.15. The stock's fifty day simple moving average is $23.98 and its 200-day simple moving average is $21.26.
Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $600.88 million during the quarter, compared to analysts' expectations of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter last year, the business posted $0.16 EPS. As a group, sell-side analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have recently commented on OWL shares. TD Cowen raised Blue Owl Capital from a "hold" rating to a "buy" rating and upped their price target for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. 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 research report on Friday, December 20th. Piper Sandler lifted their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, December 23rd. JMP Securities restated a "market outperform" rating and issued a $27.00 price objective on shares of Blue Owl Capital in a report on Wednesday, December 4th. Finally, Citigroup reiterated a "buy" rating and issued a $30.00 target price on shares of Blue Owl Capital in a report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.85.
Get Our Latest Research 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.
Featured 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
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
