284,865 Shares in Blue Owl Capital Inc. (NYSE:OWL) Acquired by Bearing Point Capital LLC

Bearing Point Capital LLC acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 284,865 shares of the company's stock, valued at approximately $6,626,000. Blue Owl Capital comprises approximately 1.4% of Bearing Point Capital LLC's holdings, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its holdings in 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 acquiring an additional 9,917,071 shares during the last quarter. Capital World Investors boosted its stake 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 last quarter. Norges Bank acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $137,118,000. Vanguard Group Inc. raised its stake in shares of Blue Owl Capital by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after buying an additional 5,558,868 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in Blue Owl Capital by 163.2% in the fourth quarter. Voya Investment Management LLC now owns 5,177,288 shares of the company's stock valued at $120,424,000 after acquiring an additional 3,209,934 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 2.8 %

OWL stock opened at $18.42 on Friday. The stock has a 50-day moving average price of $18.93 and a two-hundred day moving average price of $22.00. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73. The stock has a market cap of $28.33 billion, a PE ratio of 108.36, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $620.19 million for the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders 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 dividend yield of 4.89%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's payout ratio is currently 423.53%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OWL. JMP Securities cut their price target on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Piper Sandler cut their target price on Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Oppenheimer set a $24.00 target price on Blue Owl Capital and gave the stock an "outperform" rating in a research report on Wednesday, April 16th. UBS Group reduced their price objective on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company upped their target price on shares of Blue Owl Capital from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average price target of $23.56.

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.

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