Blue Owl Capital Inc. (NYSE:OWL) Shares Acquired by DnB Asset Management AS

DnB Asset Management AS lifted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 353,119 shares of the company’s stock after buying an additional 35,782 shares during the period. DnB Asset Management AS’s holdings in Blue Owl Capital were worth $8,214,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in OWL. Rakuten Securities Inc. acquired a new stake in Blue Owl Capital during the 4th quarter worth about $27,000. Allworth Financial LP raised its stake in shares of Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after purchasing an additional 428 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after purchasing an additional 1,315 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after purchasing an additional 1,110 shares during the period. Finally, Principal Securities Inc. increased its holdings in Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after buying an additional 450 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on OWL shares. Keefe, Bruyette & Woods lifted their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Oppenheimer upped their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Piper Sandler lifted their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Wells Fargo & Company lowered their target price on Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 20th. Finally, Evercore ISI lifted their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $26.33.

Blue Owl Capital Stock Down 1.1 %

OWL opened at $20.19 on Friday. The company has a market cap of $31.04 billion, a PE ratio of 118.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a twelve month low of $15.18 and a twelve month high of $26.73. The company has a 50-day moving average price of $22.46 and a 200 day moving average price of $22.35.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.57%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.53%.

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.