Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 2,911.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,240 shares of the company's stock after acquiring an additional 19,568 shares during the quarter. GAMMA Investing LLC's holdings in Blue Owl Capital were worth $406,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in OWL. Rakuten Securities Inc. acquired a new position in Blue Owl Capital during the 4th quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its position in Blue Owl Capital by 380.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock valued at $27,000 after purchasing an additional 1,050 shares during the period. Allworth Financial LP boosted its position in Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after purchasing an additional 428 shares during the period. Jones Financial Companies Lllp boosted its position in Blue Owl Capital by 232.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock valued at $44,000 after purchasing an additional 1,315 shares during the period. Finally, Principal Securities Inc. boosted its position in Blue Owl Capital by 30.6% during the 4th 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 period. Institutional investors and hedge funds own 35.85% of the company's stock.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $18.66 on Friday. The business's fifty day moving average price is $18.49 and its two-hundred day moving average price is $21.00. The company has a market capitalization of $28.69 billion, a P/E ratio of 143.54, a PEG ratio of 1.25 and a beta of 1.18. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. The firm had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. On average, research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend was Wednesday, May 14th. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's payout ratio is currently 692.31%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Piper Sandler reduced their price objective on Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company boosted their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. UBS Group reduced their price objective 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. Barclays reduced their price objective on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Finally, Keefe, Bruyette & Woods raised Blue Owl Capital from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Blue Owl Capital presently has an average rating of "Moderate Buy" and a consensus target price of $23.81.

Blue Owl Capital Company 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.

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