Sciencast Management LP Makes New $808,000 Investment in Blue Owl Capital Inc. (NYSE:OWL)

Sciencast Management LP bought a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 34,752 shares of the company's stock, valued at approximately $808,000.

Several other hedge funds have also bought and sold shares of OWL. Global Retirement Partners LLC raised its position in shares of Blue Owl Capital by 1.6% during the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock valued at $593,000 after buying an additional 413 shares in the last quarter. Dynasty Wealth Management LLC lifted its stake in Blue Owl Capital by 0.5% in the fourth quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock worth $1,828,000 after purchasing an additional 417 shares during the last quarter. Allworth Financial LP boosted its position in Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after buying an additional 428 shares during the period. Kovitz Investment Group Partners LLC grew its stake in shares of Blue Owl Capital by 1.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company's stock valued at $622,000 after buying an additional 443 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in shares of Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after buying an additional 450 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

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Blue Owl Capital Price Performance

NYSE:OWL traded down $0.62 during mid-day trading on Thursday, hitting $20.44. 5,227,694 shares of the company's stock were exchanged, compared to its average volume of 5,949,830. Blue Owl Capital Inc. has a one year low of $15.18 and a one year high of $26.73. The business has a fifty day moving average price of $22.60 and a 200 day moving average price of $22.30. The company has a market cap of $31.43 billion, a PE ratio of 120.21, a P/E/G ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, equities analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.52%. Blue Owl Capital's dividend payout ratio is currently 423.53%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OWL. Oppenheimer boosted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Evercore ISI boosted their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, January 17th. Keefe, Bruyette & Woods increased their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. TD Cowen raised Blue Owl Capital from a "hold" rating to a "buy" rating and boosted their target price for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $32.00 price target (up previously from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $26.33.

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.