Bayesian Capital Management LP Invests $4.28 Million in Blue Owl Capital Inc. (NYSE:OWL)

Bayesian Capital Management LP purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 183,900 shares of the company's stock, valued at approximately $4,278,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bearing Point Capital LLC bought a new stake in shares of Blue Owl Capital in the 4th quarter worth $6,626,000. Benjamin Edwards Inc. grew its holdings in shares of Blue Owl Capital by 3.0% in the fourth quarter. Benjamin Edwards Inc. now owns 22,888 shares of the company's stock valued at $532,000 after acquiring an additional 658 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $1,085,000. Alteri Wealth LLC bought a new stake in Blue Owl Capital during the fourth quarter worth $290,000. Finally, Ancora Advisors LLC boosted its position in Blue Owl Capital by 23,334.2% in the fourth quarter. Ancora Advisors LLC now owns 227,077 shares of the company's stock worth $5,282,000 after purchasing an additional 226,108 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OWL has been the topic of a number of recent analyst reports. Evercore ISI lifted their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. TD Cowen raised shares of Blue Owl Capital from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the company an "outperform" rating in a research report on Wednesday, April 16th. JMP Securities lowered their price target on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company increased their price objective on Blue Owl Capital from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. 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 $23.56.

Blue Owl Capital Price Performance

Shares of OWL stock remained flat at $18.54 during trading hours on Friday. 2,525,017 shares of the stock were exchanged, compared to its average volume of 6,746,617. The stock has a 50 day simple moving average of $18.69 and a two-hundred day simple moving average of $21.86. The firm has a market capitalization of $28.51 billion, a price-to-earnings ratio of 109.07, 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 issued its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate 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 business had revenue of $620.19 million for the quarter, compared to analysts' expectations of $636.44 million. As a group, equities analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.225 per share. The ex-dividend date is Wednesday, May 14th. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a dividend yield of 4.85%. Blue Owl Capital's dividend payout ratio (DPR) is 692.31%.

About Blue Owl Capital

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.