Blue Owl Capital Inc. (NYSE:OWL) Shares Acquired by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC boosted its stake in Blue Owl Capital Inc. (NYSE:OWL) by 65.5% in the fourth quarter, Holdings Channel reports. The firm owned 1,104,193 shares of the company’s stock after purchasing an additional 436,822 shares during the quarter. Blue Owl Capital accounts for about 5.9% of Turtle Creek Wealth Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Turtle Creek Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $25,684,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lewis Asset Management LLC bought a new position in Blue Owl Capital in the fourth quarter valued at about $238,000. Ibex Wealth Advisors grew its position in Blue Owl Capital by 348.1% in the fourth quarter. Ibex Wealth Advisors now owns 516,521 shares of the company’s stock valued at $12,014,000 after acquiring an additional 401,245 shares during the last quarter. KBC Group NV grew its position in Blue Owl Capital by 1,086.2% in the fourth quarter. KBC Group NV now owns 159,982 shares of the company’s stock valued at $3,721,000 after acquiring an additional 146,495 shares during the last quarter. Blue Trust Inc. grew its position in Blue Owl Capital by 182.2% in the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock valued at $47,000 after acquiring an additional 1,310 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in Blue Owl Capital in the fourth quarter valued at about $983,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OWL opened at $25.83 on Friday. Blue Owl Capital Inc. has a 52-week low of $15.18 and a 52-week high of $26.73. The business’s 50 day moving average price is $23.95 and its two-hundred day moving average price is $21.16. The firm has a market cap of $38.57 billion, a PE ratio of 151.92, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The firm had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same period in the previous year, the firm earned $0.16 earnings per share. Research analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OWL. Wells Fargo & Company reduced their price target on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft boosted their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler boosted their price target on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. JMP Securities restated a “market outperform” rating and set a $27.00 price target on shares of Blue Owl Capital in a report on Wednesday, December 4th. Finally, Citigroup restated a “buy” rating and set a $30.00 price target on shares of Blue Owl Capital in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.85.

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.