GAMMA Investing LLC Increases Holdings in Blue Owl Capital Inc. (NYSE:OWL)

GAMMA Investing LLC grew its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 2,911.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,240 shares of the company's stock after purchasing an additional 19,568 shares during the period. GAMMA Investing LLC's holdings in Blue Owl Capital were worth $406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its position in Blue Owl Capital by 380.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $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 fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $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 fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after purchasing an additional 1,315 shares during the period. Finally, Principal Securities Inc. boosted its position in shares of Blue Owl Capital by 30.6% in 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. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Trading Down 0.7%

NYSE:OWL traded down $0.14 on Monday, reaching $18.57. 5,456,242 shares of the stock traded hands, compared to its average volume of 6,849,432. The firm has a market capitalization of $28.56 billion, a price-to-earnings ratio of 142.86, a price-to-earnings-growth ratio of 1.26 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. The company's 50 day moving average is $18.55 and its 200-day moving average is $20.90.

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 (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, equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $0.225 dividend. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date was Wednesday, May 14th. Blue Owl Capital's dividend payout ratio (DPR) is currently 692.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of 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. Piper Sandler reduced their target price on shares of 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. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. UBS Group dropped their target price on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Wells Fargo & Company increased their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.