Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,240 shares of the company's stock, valued at approximately $305,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in OWL. Dynasty Wealth Management LLC raised its stake in 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 acquiring an additional 417 shares during the period. Allworth Financial LP raised its stake in 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 acquiring an additional 428 shares during the period. Principal Securities Inc. raised its stake in Blue Owl Capital by 30.6% in the 4th 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. Vise Technologies Inc. raised its stake in Blue Owl Capital by 4.6% in the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company's stock valued at $255,000 after acquiring an additional 478 shares during the period. Finally, Teza Capital Management LLC raised its stake in Blue Owl Capital by 1.7% in the 4th quarter. Teza Capital Management LLC now owns 28,929 shares of the company's stock valued at $673,000 after acquiring an additional 485 shares during the period. Institutional investors own 35.85% of the company's stock.
Wall Street Analysts Forecast Growth
OWL has been the topic of several recent research reports. UBS Group lowered their price objective 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 lowered 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 report on Tuesday, April 8th. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Oppenheimer set a $24.00 price objective on Blue Owl Capital and gave the stock an "outperform" rating in a research report on Wednesday, April 16th. Finally, Piper Sandler lowered their price objective on Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $23.81.
Read Our Latest Report on OWL
Blue Owl Capital Stock Performance
Shares of Blue Owl Capital stock traded up $0.28 on Friday, reaching $19.47. 14,785,710 shares of the stock were exchanged, compared to its average volume of 6,860,959. The firm's 50 day moving average is $18.70 and its 200-day moving average is $20.79. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The firm has a market cap of $29.93 billion, a PE ratio of 149.74, a P/E/G ratio of 1.31 and a beta of 1.18.
Blue Owl Capital (NYSE:OWL - Get Free Report) last announced 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). The firm had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. On average, equities research 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 disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $0.225 per share. 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 4.62%. The ex-dividend date of this dividend was Wednesday, May 14th. Blue Owl Capital's dividend payout ratio is currently 692.31%.
Blue Owl Capital Profile
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Free Report)
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.
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