Ethic Inc. Takes $987,000 Position in Blue Owl Capital Inc. (NYSE:OWL)

Ethic Inc. acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 42,453 shares of the company's stock, valued at approximately $987,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. bought a new position in shares of Blue Owl Capital during the fourth quarter valued at $27,000. Allworth Financial LP lifted its holdings 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 valued at $36,000 after acquiring an additional 428 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock valued at $44,000 after acquiring an additional 1,315 shares during the period. Principal Securities Inc. lifted its holdings in shares of Blue Owl Capital by 30.6% during 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. Finally, Blue Trust Inc. lifted its holdings in shares of Blue Owl Capital by 182.2% during the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock valued at $47,000 after acquiring an additional 1,310 shares during the period. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 0.8%

OWL stock traded up $0.16 during midday trading on Friday, reaching $19.48. The stock had a trading volume of 4,937,725 shares, compared to its average volume of 6,797,201. The firm has a market cap of $29.95 billion, a price-to-earnings ratio of 114.58, a PEG ratio of 1.23 and a beta of 1.21. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The business has a fifty day simple moving average of $18.69 and a two-hundred day simple moving average of $21.70.

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 (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal 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 given a dividend of $0.225 per share. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Wednesday, May 14th. Blue Owl Capital's payout ratio is presently 692.31%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OWL shares. Oppenheimer set a $24.00 price target on Blue Owl Capital and gave the company an "outperform" rating in a report on Wednesday, April 16th. Piper Sandler cut their price target on Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. JMP Securities cut their price target on 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. Citigroup cut 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, Barclays cut 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $23.56.

Blue Owl Capital 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.