Burling Wealth Partners LLC Purchases Shares of 17,505 Blue Owl Capital Inc. (NYSE:OWL)

Burling Wealth Partners LLC acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 17,505 shares of the company's stock, valued at approximately $407,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital World Investors raised its holdings in shares of Blue Owl Capital by 14.5% in the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company's stock valued at $1,794,943,000 after purchasing an additional 9,794,102 shares during the period. Vanguard Group Inc. lifted its holdings 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 valued at $1,237,581,000 after purchasing an additional 5,558,868 shares during the last quarter. FMR LLC increased its holdings in shares of Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company's stock valued at $1,052,309,000 after purchasing an additional 9,917,071 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Blue Owl Capital by 2.4% in the fourth quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company's stock valued at $215,131,000 after purchasing an additional 218,586 shares during the period. Finally, Geode Capital Management LLC grew its stake in Blue Owl Capital by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company's stock valued at $196,060,000 after buying an additional 274,094 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OWL has been the subject of a number of research analyst reports. The Goldman Sachs Group cut Blue Owl Capital from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Oppenheimer set a $24.00 target price on Blue Owl Capital and gave the stock an "outperform" rating in a report on Wednesday, April 16th. Piper Sandler lowered their price target on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Cfra Research upgraded shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Finally, Barclays lowered their price objective on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $23.79.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock traded down $0.27 during trading hours on Wednesday, reaching $18.33. The company's stock had a trading volume of 1,970,213 shares, compared to its average volume of 6,704,698. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The company has a market capitalization of $28.19 billion, a P/E ratio of 107.83, a P/E/G ratio of 1.23 and a beta of 1.20. The stock's fifty day simple moving average is $19.14 and its two-hundred day simple moving average is $22.08.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, research analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.93%. Blue Owl Capital's dividend payout ratio is presently 423.53%.

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.