130,000 Shares in Blue Owl Capital Inc. (NYSE:OWL) Acquired by Arrow Capital Pty Ltd

Arrow Capital Pty Ltd acquired a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 130,000 shares of the company's stock, valued at approximately $3,024,000. Blue Owl Capital makes up about 2.8% of Arrow Capital Pty Ltd's investment portfolio, making the stock its 16th biggest position.

A number of other large investors have also modified their holdings of OWL. Rakuten Securities Inc. purchased a new position in Blue Owl Capital during the 4th quarter worth approximately $27,000. Allworth Financial LP boosted its holdings in Blue Owl Capital by 43.3% in 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 grew its position in Blue Owl Capital by 232.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after purchasing an additional 1,315 shares during the period. Principal Securities Inc. raised its stake in shares of Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after buying an additional 450 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock worth $45,000 after buying an additional 1,110 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on OWL. The Goldman Sachs Group downgraded Blue Owl Capital from a "buy" rating to a "neutral" rating and decreased their price target for the company from $25.00 to $24.75 in a report on Monday, January 6th. Wells Fargo & Company lowered 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 report on Tuesday, April 8th. JMP Securities cut their price objective on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. TD Cowen raised shares of Blue Owl Capital from a "hold" rating to a "buy" rating and increased their target price for the stock from $26.00 to $28.00 in a research note on Thursday, January 16th. Finally, Barclays reduced their price target on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $23.79.

Blue Owl Capital Price Performance

OWL traded up $0.50 on Tuesday, reaching $17.00. 3,946,541 shares of the company's stock were exchanged, compared to its average volume of 6,615,825. The stock's fifty day moving average price is $19.81 and its 200-day moving average price is $22.20. The stock has a market cap of $26.14 billion, a PE ratio of 100.03, a P/E/G ratio of 1.23 and a beta of 1.20. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data 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 net margin of 4.77% and a return on equity of 20.82%. As a group, research analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Wednesday, February 19th. 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.