Dynamic Advisor Solutions LLC Takes $3.90 Million Position in Blue Owl Capital Inc. (NYSE:OWL)

Dynamic Advisor Solutions LLC purchased a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 194,661 shares of the company's stock, valued at approximately $3,901,000.

Other large investors have also recently made changes to their positions in the company. Capital World Investors increased its holdings in Blue Owl Capital by 14.5% during the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company's stock valued at $1,794,943,000 after buying an additional 9,794,102 shares during the last quarter. Vanguard Group Inc. increased its holdings in Blue Owl Capital by 11.7% in the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after acquiring an additional 5,558,868 shares in the last quarter. FMR LLC increased its holdings in Blue Owl Capital by 28.1% in the 4th quarter. FMR LLC now owns 45,241,160 shares of the company's stock worth $1,052,309,000 after acquiring an additional 9,917,071 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Blue Owl Capital by 2.4% during the 4th quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company's stock worth $215,131,000 after acquiring an additional 218,586 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Blue Owl Capital by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company's stock valued at $196,060,000 after purchasing an additional 274,094 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded up $0.15 during midday trading on Monday, reaching $18.85. The company had a trading volume of 5,343,390 shares, compared to its average volume of 6,844,233. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The company has a market capitalization of $28.99 billion, a P/E ratio of 110.90, a P/E/G ratio of 1.23 and a beta of 1.18. The firm's fifty day simple moving average is $18.39 and its 200-day simple moving average is $21.10.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) 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 firm had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. On average, 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 announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were 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 was Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.77%. Blue Owl Capital's dividend payout ratio is presently 692.31%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Wells Fargo & Company upped their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. UBS Group cut their target price on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. JMP Securities lowered their price target 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. Finally, Citigroup dropped their price target on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.81.

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.