Perfromance Wealth Partners LLC Purchases 28,242 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Perfromance Wealth Partners LLC boosted its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 24.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,206 shares of the company's stock after buying an additional 28,242 shares during the quarter. Perfromance Wealth Partners LLC's holdings in Blue Owl Capital were worth $2,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in OWL. Rakuten Securities Inc. bought a new position in Blue Owl Capital in the 4th quarter worth about $27,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Blue Owl Capital by 380.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock valued at $27,000 after acquiring an additional 1,050 shares during the period. Allworth Financial LP grew its stake in Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after acquiring an additional 428 shares in the last quarter. Jones Financial Companies Lllp increased its holdings 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 worth $44,000 after acquiring an additional 1,315 shares during the period. Finally, Principal Securities Inc. lifted its stake in Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after purchasing an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OWL. Wells Fargo & Company boosted their price target on shares of 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 lowered their price target on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Piper Sandler decreased their price objective on Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Barclays dropped their target price 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. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $23.81.

Blue Owl Capital Price Performance

NYSE:OWL traded up $0.52 during mid-day trading on Tuesday, reaching $19.09. 5,914,609 shares of the company's stock traded hands, compared to its average volume of 6,845,760. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The company has a 50 day moving average price of $18.55 and a 200-day moving average price of $20.90. The firm has a market capitalization of $29.35 billion, a price-to-earnings ratio of 146.82, a PEG ratio of 1.26 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The business had revenue of $620.19 million for the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. As a group, analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid 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 of this dividend was Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.72%. Blue Owl Capital's payout ratio is presently 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.