Blue Owl Capital Inc. (NYSE:OWL) Shares Acquired by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. increased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 978,499 shares of the company’s stock after buying an additional 10,483 shares during the quarter. Westwood Holdings Group Inc. owned about 0.07% of Blue Owl Capital worth $18,454,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates increased its holdings in shares of Blue Owl Capital by 28.6% in the fourth quarter. Raymond James & Associates now owns 394,162 shares of the company’s stock valued at $5,873,000 after purchasing an additional 87,768 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Blue Owl Capital in the 4th quarter valued at $204,000. Oak Thistle LLC purchased a new position in Blue Owl Capital during the 4th quarter worth $803,000. Private Trust Co. NA lifted its stake in shares of Blue Owl Capital by 112.8% in the 4th quarter. Private Trust Co. NA now owns 6,570 shares of the company’s stock worth $98,000 after acquiring an additional 3,483 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $1,690,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OWL. Oppenheimer upgraded shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Friday. TD Cowen reaffirmed a “hold” rating and set a $19.00 price objective (down previously from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Citigroup reissued a “buy” rating and issued a $21.00 target price on shares of Blue Owl Capital in a report on Tuesday, May 14th. JMP Securities restated 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. Finally, Piper Sandler cut their price target on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.23.

Blue Owl Capital Price Performance

OWL traded down $0.92 during midday trading on Friday, reaching $16.26. 15,574,423 shares of the company’s stock were exchanged, compared to its average volume of 6,413,336. Blue Owl Capital Inc. has a 1-year low of $10.64 and a 1-year high of $20.13. The stock has a market capitalization of $23.23 billion, a PE ratio of 135.50, a P/E/G ratio of 1.08 and a beta of 1.18. The business’s 50-day moving average price is $18.04 and its 200 day moving average price is $17.89.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 19.12% and a net margin of 4.64%. The firm had revenue of $549.85 million for the quarter, compared to analyst estimates of $507.22 million. During the same quarter in the prior year, the company earned $0.16 EPS. As a group, analysts expect that Blue Owl Capital Inc. will post 0.81 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 21st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Wednesday, August 21st. Blue Owl Capital’s dividend payout ratio is presently 600.00%.

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.