Cary Street Partners Financial LLC Invests $4.29 Million in Blue Owl Capital Inc. (NYSE:OWL)

Cary Street Partners Financial LLC purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 184,444 shares of the company's stock, valued at approximately $4,290,000.

Several other hedge funds also recently added to or reduced their stakes in OWL. Rakuten Securities Inc. acquired a new stake in Blue Owl Capital during the 4th quarter worth $27,000. Allworth Financial LP boosted its position in shares of Blue Owl Capital by 43.3% in the 4th 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 period. Jones Financial Companies Lllp increased its position in Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after buying an additional 1,315 shares during the period. Versant Capital Management Inc lifted its stake in Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock valued at $45,000 after buying an additional 1,110 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after acquiring an additional 450 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

NYSE:OWL traded down $0.01 during trading hours on Friday, reaching $18.53. 4,055,952 shares of the company were exchanged, compared to its average volume of 6,761,540. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The stock has a 50 day simple moving average of $18.66 and a 200 day simple moving average of $21.82. The firm has a market cap of $28.50 billion, a price-to-earnings ratio of 109.01, a PEG ratio of 1.23 and a beta of 1.21.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The firm had revenue of $620.19 million during the quarter, compared to analysts' expectations 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 predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.225 per share. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.90 annualized dividend and a dividend yield of 4.86%. Blue Owl Capital's payout ratio is presently 692.31%.

Analyst Ratings Changes

Several research firms recently commented on OWL. Cfra Research upgraded shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. UBS Group dropped their price target on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. JMP Securities dropped their target price on 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. Citigroup decreased their price target on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Oppenheimer set a $24.00 price objective on shares of Blue Owl Capital and gave the company an "outperform" rating in a research note on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $23.56.

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.