Joel Isaacson & Co. LLC Buys 17,629 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Joel Isaacson & Co. LLC increased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 68.3% during the 4th quarter, Holdings Channel reports. The fund owned 43,433 shares of the company’s stock after acquiring an additional 17,629 shares during the period. Joel Isaacson & Co. LLC’s holdings in Blue Owl Capital were worth $1,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OWL. ORG Wealth Partners LLC bought a new position in shares of Blue Owl Capital during the 3rd quarter worth about $32,000. Versant Capital Management Inc raised its stake in Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after buying an additional 1,110 shares during the period. Blue Trust Inc. boosted its holdings in Blue Owl Capital by 182.2% in the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock worth $47,000 after acquiring an additional 1,310 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in Blue Owl Capital in the fourth quarter valued at approximately $103,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Blue Owl Capital during the third quarter valued at approximately $138,000. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Trading Down 4.9 %

Shares of Blue Owl Capital stock opened at $23.56 on Friday. The firm has a market capitalization of $35.19 billion, a P/E ratio of 138.60, a price-to-earnings-growth ratio of 1.41 and a beta of 1.15. The business’s fifty day simple moving average is $24.05 and its 200 day simple moving average is $21.42. 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) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share 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%. Analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is currently 423.55%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Citigroup reiterated a “buy” rating and issued a $30.00 target price on shares of Blue Owl Capital in a report on Thursday, January 23rd. Piper Sandler lifted their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. JMP Securities restated a “market outperform” rating and issued a $32.00 target price (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday. Wells Fargo & Company cut their price target on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Blue Owl Capital presently has an average 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.