Maestria Partners 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 716,000 shares of the company's stock, valued at approximately $16,654,000. Blue Owl Capital accounts for 6.6% of Maestria Partners LLC's holdings, making the stock its 7th largest position.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Rakuten Securities Inc. purchased a new position in shares of Blue Owl Capital in the 4th quarter worth approximately $27,000. Allworth Financial LP grew its holdings in Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after purchasing an additional 428 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after purchasing an additional 1,315 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock valued at $45,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in shares of Blue Owl Capital by 30.6% in the 4th 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. Institutional investors own 35.85% of the company's stock.
Blue Owl Capital Stock Performance
Shares of NYSE:OWL traded up $1.01 during trading on Monday, reaching $21.66. The stock had a trading volume of 7,051,830 shares, compared to its average volume of 5,932,119. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73. The stock has a market cap of $33.31 billion, a PE ratio of 127.43, a PEG ratio of 1.23 and a beta of 1.19. The business has a fifty day moving average price of $22.65 and a 200-day moving average price of $22.27.
Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (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%. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.
Blue Owl Capital Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors 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 yield of 3.32%. Blue Owl Capital's dividend payout ratio is presently 423.53%.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. JMP Securities reaffirmed 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. Barclays started coverage on Blue Owl Capital in a research report on Monday, February 24th. They issued an "overweight" rating and a $29.00 target price on the stock. Piper Sandler increased their price target on Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Monday, December 23rd. TD Cowen raised shares of Blue Owl Capital from a "hold" rating to a "buy" rating and lifted their price objective for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Finally, Oppenheimer increased their price target on Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.33.
Read Our Latest Stock Report on OWL
Blue Owl Capital Company 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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