76,225 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC bought a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 76,225 shares of the company's stock, valued at approximately $1,773,000.

Other large investors have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company's stock valued at $683,874,000 after acquiring an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Blue Owl Capital by 17.9% during 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. State Street Corp increased its position in shares of Blue Owl Capital by 5.6% during the 3rd quarter. State Street Corp now owns 8,452,073 shares of the company's stock valued at $163,632,000 after purchasing an additional 449,066 shares during the period. Geode Capital Management LLC increased its position in shares of Blue Owl Capital by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company's stock valued at $157,870,000 after purchasing an additional 1,016,505 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake in shares of Blue Owl Capital by 4.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company's stock worth $130,415,000 after buying an additional 293,221 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OWL. The Goldman Sachs Group lowered Blue Owl Capital from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Friday, November 1st. JMP Securities restated a "market outperform" rating and issued a $27.00 price target on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Finally, Citigroup reiterated a "buy" rating and set a $30.00 price objective on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $25.85.

Blue Owl Capital Stock Performance

Shares of NYSE OWL traded down $0.24 during mid-day trading on Thursday, reaching $24.71. The company had a trading volume of 7,121,795 shares, compared to its average volume of 6,552,795. The company has a market capitalization of $36.91 billion, a price-to-earnings ratio of 145.39, a PEG ratio of 1.41 and a beta of 1.15. The stock has a fifty day moving average of $24.05 and a two-hundred day moving average of $21.39. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. Sell-side analysts forecast that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a yield of 2.91%. Blue Owl Capital's dividend payout ratio (DPR) is currently 423.55%.

Blue Owl Capital Company 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.