FJ Capital Management LLC Purchases Shares of 16,892 Blue Owl Capital Inc. (NYSE:OWL)

FJ Capital Management LLC purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,892 shares of the company's stock, valued at approximately $393,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new stake in Blue Owl Capital during the fourth quarter valued at $27,000. Allworth Financial LP increased its stake in Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after purchasing an additional 428 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock valued at $44,000 after purchasing an additional 1,315 shares during the last quarter. Principal Securities Inc. increased its stake in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after purchasing an additional 450 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Blue Owl Capital by 182.2% during the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock valued at $47,000 after purchasing an additional 1,310 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Piper Sandler lowered their target price on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. JMP Securities lowered their target price on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the company an "outperform" rating in a research note on Wednesday, April 16th. Cfra Research upgraded shares of Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Finally, Wells Fargo & Company upped their price target on shares of Blue Owl Capital from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Four equities research 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 stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.56.

Blue Owl Capital Trading Down 0.1%

OWL traded down $0.01 on Friday, reaching $18.53. The company had a trading volume of 4,055,952 shares, compared to its average volume of 6,761,540. The company has a fifty day moving average of $18.66 and a 200-day moving average of $21.81. The company has a market capitalization of $28.50 billion, a P/E ratio of 109.01, a PEG ratio of 1.23 and a beta of 1.21. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The company had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Research analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Wednesday, May 14th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio is currently 692.31%.

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.