Silver Oak Securities Incorporated Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

Silver Oak Securities Incorporated bought a new position in shares of 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 fund bought 12,671 shares of the company's stock, valued at approximately $296,000.

Other hedge funds have also recently bought and sold shares of the company. Creative Planning increased its stake in Blue Owl Capital by 25.2% in the 2nd quarter. Creative Planning now owns 50,771 shares of the company's stock worth $901,000 after purchasing an additional 10,224 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Blue Owl Capital in the 2nd quarter worth about $1,035,000. ORG Wealth Partners LLC purchased a new position in Blue Owl Capital in the 3rd quarter worth about $32,000. Affinity Wealth Management LLC increased its stake in Blue Owl Capital by 5.3% in the 3rd quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company's stock worth $258,000 after purchasing an additional 675 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its stake in Blue Owl Capital by 293.4% in the 3rd quarter. Wesbanco Bank Inc. now owns 243,100 shares of the company's stock worth $4,706,000 after purchasing an additional 181,300 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of OWL stock traded down $0.23 during trading on Wednesday, reaching $23.33. The company had a trading volume of 4,231,331 shares, compared to its average volume of 6,530,708. The firm's 50 day simple moving average is $24.07 and its two-hundred day simple moving average is $21.50. Blue Owl Capital Inc. has a one year low of $15.18 and a one year high of $26.73. The company has a market capitalization of $34.84 billion, a PE ratio of 137.24, a PEG ratio of 1.34 and a beta of 1.15.

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 the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. Analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.09%. The ex-dividend date is Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is currently 423.53%.

Analyst Ratings Changes

OWL has been the topic of a number of analyst reports. TD Cowen raised Blue Owl Capital from a "hold" rating to a "buy" rating and lifted their price target for the stock from $26.00 to $28.00 in a research note on Thursday, January 16th. Citigroup restated a "buy" rating and set a $30.00 price objective on shares of Blue Owl Capital in a research report on Thursday, January 23rd. The Goldman Sachs Group lowered Blue Owl Capital from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. JMP Securities restated a "market outperform" rating and set a $32.00 price objective (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Finally, Evercore ISI raised their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.27.

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.