Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by Oak Thistle LLC

Oak Thistle LLC grew its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 474.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,672 shares of the company's stock after buying an additional 78,196 shares during the quarter. Blue Owl Capital comprises 0.7% of Oak Thistle LLC's investment portfolio, making the stock its 17th biggest holding. Oak Thistle LLC's holdings in Blue Owl Capital were worth $2,202,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of OWL. Capital CS Group LLC purchased a new stake in Blue Owl Capital during the fourth quarter worth about $620,000. Miracle Mile Advisors LLC lifted its position in shares of Blue Owl Capital by 4.1% during the 4th quarter. Miracle Mile Advisors LLC now owns 12,289 shares of the company's stock valued at $286,000 after acquiring an additional 479 shares during the period. Wedmont Private Capital purchased a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $204,000. Versant Capital Management Inc grew its holdings in shares of Blue Owl Capital by 136.2% in the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock worth $45,000 after acquiring an additional 1,110 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock valued at $174,829,000 after purchasing an additional 1,372,865 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on OWL. UBS Group upped their target price on Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. JMP Securities reissued a "market outperform" rating and issued a $27.00 price objective on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Wells Fargo & Company dropped their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday. Evercore ISI upped their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Finally, Oppenheimer raised their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Blue Owl Capital has a consensus rating of "Moderate Buy" and an average price target of $24.02.

Blue Owl Capital Price Performance

OWL stock traded up $0.34 during midday trading on Wednesday, hitting $22.89. The stock had a trading volume of 7,170,841 shares, compared to its average volume of 5,853,636. The company's 50-day moving average price is $23.49 and its 200 day moving average price is $20.58. The firm has a market cap of $34.19 billion, a PE ratio of 134.65, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. Blue Owl Capital Inc. has a 12-month low of $14.42 and a 12-month high of $25.03.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting analysts' consensus estimates of $0.20. The business had revenue of $600.88 million during the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.16 earnings per share. As a group, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital's dividend payout ratio (DPR) is 423.53%.

Blue Owl Capital Profile

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.