Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by Townsend Asset Management Corp NC ADV

Townsend Asset Management Corp NC ADV raised its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 8.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 287,731 shares of the company's stock after purchasing an additional 22,778 shares during the period. Blue Owl Capital accounts for approximately 2.2% of Townsend Asset Management Corp NC ADV's investment portfolio, making the stock its 11th biggest holding. Townsend Asset Management Corp NC ADV's holdings in Blue Owl Capital were worth $5,766,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Asset Management One Co. Ltd. purchased a new position in shares of Blue Owl Capital in the 4th quarter valued at approximately $352,000. Blue Trust Inc. raised its holdings in shares of Blue Owl Capital by 182.2% in the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock worth $47,000 after buying an additional 1,310 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Blue Owl Capital by 4.2% during the fourth quarter. Rhumbline Advisers now owns 599,337 shares of the company's stock worth $13,941,000 after buying an additional 23,952 shares during the period. Principal Securities Inc. grew its holdings in shares of Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after buying an additional 450 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of 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. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on OWL shares. Citigroup lowered their price target 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. Oppenheimer set a $24.00 price objective on shares of Blue Owl Capital and gave the company an "outperform" rating in a report on Wednesday, April 16th. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. UBS Group decreased their price target on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and upped their target price for the company from $20.00 to $23.00 in a report on Tuesday, May 20th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average target price of $23.81.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $18.66 on Thursday. 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 simple moving average is $18.46 and its 200-day simple moving average is $21.03. The company has a market capitalization of $28.69 billion, a price-to-earnings ratio of 143.54, a price-to-earnings-growth ratio of 1.25 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data 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 expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.