Aquatic Capital Management LLC Invests $7.48 Million in Blue Owl Capital Inc. (NYSE:OWL)

Aquatic Capital Management LLC acquired a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 321,729 shares of the company's stock, valued at approximately $7,483,000.

Several other large investors have also recently bought and sold shares of OWL. Rothschild Investment LLC raised its position in shares of Blue Owl Capital by 316.1% during the fourth quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock worth $790,000 after acquiring an additional 25,795 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock valued at $174,829,000 after purchasing an additional 1,372,865 shares during the period. Arizona State Retirement System boosted its stake in shares of Blue Owl Capital by 14.7% in the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock valued at $3,599,000 after purchasing an additional 19,810 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $1,773,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Blue Owl Capital by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock worth $80,179,000 after buying an additional 106,485 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OWL. Citigroup dropped their target price on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. UBS Group cut their target price on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday. The Goldman Sachs Group lowered Blue Owl Capital from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. Wells Fargo & Company cut their price target on shares of Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Evercore ISI boosted their price objective 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. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.48.

Blue Owl Capital Stock Performance

Shares of OWL traded up $0.58 during mid-day trading on Friday, reaching $18.49. The company had a trading volume of 5,674,663 shares, compared to its average volume of 6,782,076. The company's 50 day simple moving average is $18.99 and its 200 day simple moving average is $22.03. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The company has a market capitalization of $28.44 billion, a price-to-earnings ratio of 108.74, a P/E/G ratio of 1.23 and a beta of 1.20.

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

Blue Owl Capital Dividend Announcement

The business also recently disclosed 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 was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.89%. Blue Owl Capital's dividend payout ratio (DPR) is 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.