Blue Owl Capital Inc. (NYSE:OWL) Shares Purchased by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC increased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 24.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,206 shares of the company's stock after purchasing an additional 28,242 shares during the period. 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 and hedge funds also recently added to or reduced their stakes in OWL. Asset Management One Co. Ltd. acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $352,000. Blue Trust Inc. lifted its stake in shares of Blue Owl Capital by 182.2% in the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock valued at $47,000 after purchasing an additional 1,310 shares during the period. Rhumbline Advisers lifted its stake in shares of Blue Owl Capital by 4.2% in the 4th quarter. Rhumbline Advisers now owns 599,337 shares of the company's stock valued at $13,941,000 after purchasing an additional 23,952 shares during the period. Principal Securities Inc. boosted its holdings in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after buying an additional 450 shares in the last quarter. Finally, Allworth Financial LP grew 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 valued at $36,000 after buying an additional 428 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Piper Sandler decreased their price objective 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 Blue Owl Capital from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Barclays cut 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, Wells Fargo & Company increased their target price 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. 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.81.

Blue Owl Capital Stock Up 0.2%

Blue Owl Capital stock opened at $18.72 on Friday. The company has a fifty day simple moving average of $18.53 and a 200-day simple moving average of $20.97. The firm has a market capitalization of $28.78 billion, a price-to-earnings ratio of 143.97, a PEG ratio of 1.25 and a beta of 1.18. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $620.19 million for the quarter, compared to analysts' expectations of $636.44 million. On average, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Wednesday, May 14th. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio (DPR) 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.

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