Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 58.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,080 shares of the company's stock after purchasing an additional 30,164 shares during the quarter. Apollon Wealth Management LLC's holdings in Blue Owl Capital were worth $1,645,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its position in Blue Owl Capital by 23.1% during the first quarter. Signaturefd LLC now owns 11,090 shares of the company's stock worth $222,000 after buying an additional 2,080 shares in the last quarter. Stephens Inc. AR increased its position in Blue Owl Capital by 3.0% during the first quarter. Stephens Inc. AR now owns 646,330 shares of the company's stock worth $12,952,000 after buying an additional 18,911 shares in the last quarter. New York State Common Retirement Fund increased its position in Blue Owl Capital by 5.9% during the first quarter. New York State Common Retirement Fund now owns 303,044 shares of the company's stock worth $6,073,000 after buying an additional 17,000 shares in the last quarter. IFC Advisors LLC increased its position in Blue Owl Capital by 9.4% during the first quarter. IFC Advisors LLC now owns 242,074 shares of the company's stock worth $4,851,000 after buying an additional 20,841 shares in the last quarter. Finally, Cortland Associates Inc. MO increased its position in Blue Owl Capital by 0.3% during the first quarter. Cortland Associates Inc. MO now owns 2,009,370 shares of the company's stock worth $40,268,000 after buying an additional 5,346 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OWL has been the subject of several recent research reports. UBS Group dropped their price target 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. Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods raised Blue Owl Capital from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $20.00 to $23.00 in a research report on Tuesday, May 20th. JMP Securities lowered their price objective on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Citigroup lowered their price objective on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research report 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's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded up $0.67 during midday trading on Thursday, reaching $20.85. The stock had a trading volume of 12,181,333 shares, compared to its average volume of 6,982,727. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The stock has a market capitalization of $32.06 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 1.38 and a beta of 1.17. The stock's 50-day simple moving average is $19.04 and its 200 day simple moving average is $20.41.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued 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 net margin of 3.73% and a return on equity of 19.74%. The firm had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. 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 disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Wednesday, May 14th. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's payout ratio 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.