10,862 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by Leeward Financial Partners LLC

Leeward Financial Partners LLC acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,862 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. purchased a new position in Blue Owl Capital during the 4th quarter valued at $26,000. Salem Investment Counselors Inc. grew its holdings in shares of Blue Owl Capital by 58.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock worth $47,000 after purchasing an additional 1,159 shares during the last quarter. New York State Teachers Retirement System purchased a new position in Blue Owl Capital in the 4th quarter worth about $89,000. Private Trust Co. NA increased its stake in 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 buying an additional 3,483 shares during the period. Finally, Signaturefd LLC lifted its holdings in Blue Owl Capital by 26.8% during the 4th quarter. Signaturefd LLC now owns 7,473 shares of the company’s stock valued at $111,000 after buying an additional 1,580 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

OWL has been the topic of a number of research analyst reports. JMP Securities restated a “market outperform” rating and issued a $24.00 target price on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Piper Sandler restated an “overweight” rating and set a $23.00 price objective on shares of Blue Owl Capital in a report on Friday, June 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $21.00 target price on shares of Blue Owl Capital in a report on Monday, June 10th. TD Cowen cut their price target on Blue Owl Capital from $23.00 to $21.50 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Finally, Evercore ISI lifted their price objective on Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.27.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded up $0.16 during trading hours on Wednesday, reaching $17.70. The stock had a trading volume of 1,686,758 shares, compared to its average volume of 5,165,684. Blue Owl Capital Inc. has a 52 week low of $10.64 and a 52 week high of $19.87. The company has a market cap of $25.29 billion, a price-to-earnings ratio of 146.08, a PEG ratio of 1.08 and a beta of 1.18. The business’s 50 day moving average price is $18.19 and its 200-day moving average price is $17.36.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $486.55 million during the quarter, compared to the consensus estimate of $478.47 million. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.15%. On average, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.82 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Tuesday, May 21st were given a dividend of $0.18 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 4.07%. The ex-dividend date was Monday, May 20th. Blue Owl Capital’s dividend payout ratio is currently 600.00%.

Blue Owl Capital Company 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.