Townsend Asset Management Corp NC ADV Acquires 37,445 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Townsend Asset Management Corp NC ADV increased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,953 shares of the company’s stock after purchasing an additional 37,445 shares during the period. Blue Owl Capital makes up 2.3% of Townsend Asset Management Corp NC ADV’s portfolio, making the stock its 12th biggest position. Townsend Asset Management Corp NC ADV’s holdings in Blue Owl Capital were worth $6,163,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of OWL. Allworth Financial LP lifted its stake in Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after acquiring an additional 428 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Blue Owl Capital by 232.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock valued at $44,000 after acquiring an additional 1,315 shares in the last quarter. Versant Capital Management Inc lifted its stake in Blue Owl Capital by 136.2% in the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after acquiring an additional 1,110 shares in the last quarter. Principal Securities Inc. lifted its stake in Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after acquiring an additional 450 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Blue Owl Capital by 182.2% in the 4th 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 in the last quarter. Institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on OWL. Wells Fargo & Company cut their target price on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their target price for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Keefe, Bruyette & Woods boosted their price target on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Evercore ISI boosted their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $32.00 price target (up previously from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.48.

Blue Owl Capital Trading Up 3.1 %

OWL stock opened at $20.39 on Thursday. The firm has a market capitalization of $31.36 billion, a PE ratio of 119.96, a PEG ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73. The business’s 50 day simple moving average is $23.57 and its 200 day simple moving average is $22.01.

Blue Owl Capital (NYSE:OWL) last posted its 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 return on equity of 20.82% and a net margin of 4.77%. As a group, sell-side analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.53%. 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.