Northside Capital Management LLC bought a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,627 shares of the company's stock, valued at approximately $596,000.
Other large investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in shares of Blue Owl Capital in the 3rd quarter valued at approximately $32,000. Versant Capital Management Inc increased its stake in shares of Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock worth $45,000 after buying an additional 1,110 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Blue Owl Capital in the third quarter valued at $138,000. Wedmont Private Capital bought a new position in Blue Owl Capital during the 4th quarter valued at $204,000. Finally, Signaturefd LLC boosted its stake in Blue Owl Capital by 19.3% during the 3rd quarter. Signaturefd LLC now owns 9,137 shares of the company's stock valued at $177,000 after acquiring an additional 1,476 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.
Blue Owl Capital Stock Up 2.4 %
OWL stock traded up $0.55 during mid-day trading on Thursday, reaching $23.46. The company had a trading volume of 12,672,497 shares, compared to its average volume of 6,535,560. Blue Owl Capital Inc. has a one year low of $14.85 and a one year high of $25.03. The stock has a market capitalization of $35.03 billion, a P/E ratio of 137.98, a P/E/G ratio of 1.29 and a beta of 1.14. The stock's 50-day simple moving average is $23.48 and its two-hundred day simple moving average is $20.59.
Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The firm had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. During the same period last year, the firm posted $0.16 EPS. On average, research analysts forecast that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.
Blue Owl Capital Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a dividend of $0.18 per share. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a dividend yield of 3.07%. Blue Owl Capital's dividend payout ratio is presently 423.55%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on OWL shares. TD Cowen upgraded shares of Blue Owl Capital from a "hold" rating to a "buy" rating and upped their target price for the company from $26.00 to $28.00 in a research note on Thursday. Evercore ISI upped their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. Piper Sandler increased their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, December 23rd. The Goldman Sachs Group downgraded Blue Owl Capital from a "buy" rating to a "neutral" rating and lowered their price target for the company from $25.00 to $24.75 in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.77.
View Our Latest Stock Analysis 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.
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