Telemus Capital LLC Acquires 3,344 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Telemus Capital LLC boosted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 8.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 45,292 shares of the company’s stock after purchasing an additional 3,344 shares during the period. Telemus Capital LLC’s holdings in Blue Owl Capital were worth $675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Blue Owl Capital by 3.3% in the third quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company’s stock valued at $520,983,000 after purchasing an additional 1,293,941 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $9,929,000. Exchange Traded Concepts LLC bought a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $1,944,000. Foster Victor Wealth Advisors LLC raised its position in shares of Blue Owl Capital by 31.1% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 420,675 shares of the company’s stock valued at $6,293,000 after purchasing an additional 99,760 shares during the period. Finally, Advent International L.P. bought a new position in shares of Blue Owl Capital in the third quarter valued at approximately $30,780,000. Institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $24.00 target price on shares of Blue Owl Capital in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Evercore ISI upped their price target on shares of Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $19.00 price target on shares of Blue Owl Capital in a research report on Thursday, April 4th. Finally, TD Cowen began coverage on shares of Blue Owl Capital in a research report on Thursday, January 4th. They set an “outperform” rating and a $17.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.48.

Blue Owl Capital Price Performance

Shares of OWL stock opened at $18.46 on Tuesday. The stock has a market cap of $26.37 billion, a PE ratio of 184.57, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. The stock has a 50-day moving average of $18.19 and a 200-day moving average of $15.58. Blue Owl Capital Inc. has a one year low of $9.70 and a one year high of $19.87.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. Blue Owl Capital had a return on equity of 17.31% and a net margin of 3.14%. The business had revenue of $494.04 million during the quarter, compared to analyst estimates of $438.77 million. During the same period in the previous year, the firm earned $0.15 EPS. As a group, research analysts anticipate that Blue Owl Capital Inc. will post 0.84 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 23rd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Thursday, February 22nd. Blue Owl Capital’s dividend payout ratio (DPR) is currently 560.06%.

Insiders Place Their Bets

In other Blue Owl Capital news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $15.81, for a total transaction of $71,145,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 33.39% of the company’s stock.

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.