Beck Mack & Oliver LLC Purchases 37,386 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Beck Mack & Oliver LLC boosted its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,045,216 shares of the company's stock after purchasing an additional 37,386 shares during the quarter. Blue Owl Capital comprises 2.6% of Beck Mack & Oliver LLC's portfolio, making the stock its 11th largest position. Beck Mack & Oliver LLC owned approximately 0.40% of Blue Owl Capital worth $140,612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC boosted its position in shares of Blue Owl Capital by 13.7% in the 3rd quarter. Barclays PLC now owns 1,571,806 shares of the company's stock worth $30,430,000 after purchasing an additional 189,082 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Blue Owl Capital by 37.7% in the third quarter. Sanctuary Advisors LLC now owns 75,869 shares of the company's stock worth $1,469,000 after acquiring an additional 20,774 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Blue Owl Capital in the third quarter worth $138,000. Franklin Resources Inc. increased its holdings in shares of Blue Owl Capital by 12.4% during the third quarter. Franklin Resources Inc. now owns 2,818,874 shares of the company's stock valued at $54,573,000 after acquiring an additional 311,385 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock worth $174,829,000 after purchasing an additional 1,372,865 shares during the last quarter. Institutional investors own 35.85% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on OWL shares. Cfra Research upgraded shares of Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Evercore ISI raised their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. The Goldman Sachs Group lowered shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and decreased 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. Finally, Wells Fargo & Company decreased their price target on Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.79.

Blue Owl Capital Trading Up 5.2 %

NYSE OWL traded up $0.92 on Thursday, hitting $18.59. 6,334,330 shares of the company traded hands, compared to its average volume of 6,673,642. The business's 50 day moving average price is $19.56 and its 200-day moving average price is $22.13. The company has a market capitalization of $28.58 billion, a price-to-earnings ratio of 109.34, a P/E/G ratio of 1.23 and a beta of 1.20. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, sell-side analysts predict 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 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 of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.87%. Blue Owl Capital's payout ratio 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.