Ensign Peak Advisors Inc Acquires 100,258 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Ensign Peak Advisors Inc increased its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 81.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 222,987 shares of the company's stock after buying an additional 100,258 shares during the period. Ensign Peak Advisors Inc's holdings in Blue Owl Capital were worth $5,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of OWL. Global Retirement Partners LLC increased its holdings in shares of Blue Owl Capital by 1.6% in the fourth quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock valued at $593,000 after purchasing an additional 413 shares in the last quarter. Dynasty Wealth Management LLC lifted its stake in shares of Blue Owl Capital by 0.5% in the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock valued at $1,828,000 after purchasing an additional 417 shares during the period. Allworth Financial LP grew its stake in shares of Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after purchasing an additional 428 shares during the period. Principal Securities Inc. increased its holdings in 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 purchasing an additional 450 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its position in shares of Blue Owl Capital by 4.1% during the 4th quarter. Miracle Mile Advisors LLC now owns 12,289 shares of the company's stock worth $286,000 after buying an additional 479 shares during the period. Institutional investors own 35.85% of the company's stock.

Wall Street Analyst Weigh In

OWL has been the topic of several research analyst reports. JMP Securities dropped their price objective on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company boosted their price objective on Blue Owl Capital from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Barclays reduced their price target on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, April 7th. UBS Group cut their price objective on shares of 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. Finally, 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. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.33.

Blue Owl Capital Price Performance

NYSE OWL traded down $0.04 during trading on Tuesday, reaching $19.37. 1,533,877 shares of the company's stock were exchanged, compared to its average volume of 6,774,248. The business has a 50 day moving average price of $18.70 and a 200-day moving average price of $21.68. The stock has a market capitalization of $29.79 billion, a P/E ratio of 113.98, a PEG ratio of 1.23 and a beta of 1.21. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results 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 business had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. On average, analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio (DPR) is currently 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.