Dudley Capital Management LLC Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

Dudley Capital Management LLC bought a new position in Blue Owl Capital Inc. (NYSE:OWL) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 9,350 shares of the company’s stock, valued at approximately $217,000.

Several other hedge funds have also modified their holdings of OWL. FMR LLC increased its stake in Blue Owl Capital by 29.9% during the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after acquiring an additional 8,138,475 shares during the last quarter. Vanguard Group Inc. increased its position in Blue Owl Capital by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock worth $1,237,581,000 after purchasing an additional 5,558,868 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Blue Owl Capital by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after buying an additional 1,372,865 shares during the period. Geode Capital Management LLC lifted its position in Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after buying an additional 1,016,505 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Blue Owl Capital during the fourth quarter worth approximately $23,513,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OWL has been the topic of several recent research reports. Evercore ISI lifted their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Barclays started coverage on Blue Owl Capital in a research note on Monday, February 24th. They set an “overweight” rating and a $29.00 price objective on the stock. Oppenheimer increased their target price on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. JMP Securities reissued a “market outperform” rating and set a $32.00 price target (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Finally, Piper Sandler increased their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.33.

Blue Owl Capital Trading Up 4.9 %

Shares of NYSE:OWL opened at $21.66 on Tuesday. The firm has a market cap of $33.31 billion, a PE ratio of 127.43, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The company has a fifty day simple moving average of $22.65 and a 200 day simple moving average of $22.27.

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

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.32%. Blue Owl Capital’s payout ratio is 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.