Bosman Wealth Management LLC Makes New $2.74 Million Investment in Blue Owl Capital Inc. (NYSE:OWL)

Bosman Wealth Management LLC purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 136,666 shares of the company's stock, valued at approximately $2,739,000. Blue Owl Capital accounts for approximately 2.8% of Bosman Wealth Management LLC's holdings, making the stock its 16th biggest holding.

Several other large investors also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its position in Blue Owl Capital by 13.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,471 shares of the company's stock worth $230,000 after buying an additional 1,357 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Blue Owl Capital by 16.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,400 shares of the company's stock worth $1,358,000 after acquiring an additional 9,522 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Blue Owl Capital by 9.5% during the first quarter. Bank of New York Mellon Corp now owns 2,655,834 shares of the company's stock valued at $53,223,000 after purchasing an additional 229,745 shares during the last quarter. Townsend Asset Management Corp NC ADV boosted its position in Blue Owl Capital by 8.6% during the first quarter. Townsend Asset Management Corp NC ADV now owns 287,731 shares of the company's stock valued at $5,766,000 after purchasing an additional 22,778 shares during the last quarter. Finally, Scholtz & Company LLC grew its stake in Blue Owl Capital by 13.0% in the fourth quarter. Scholtz & Company LLC now owns 153,615 shares of the company's stock valued at $3,573,000 after purchasing an additional 17,685 shares in the last quarter. Institutional investors own 35.85% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Evercore ISI increased their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday. Oppenheimer set a $24.00 price objective on shares of Blue Owl Capital and gave the stock an "outperform" rating in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and raised their target price for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. Finally, JMP Securities reduced their price target on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.85.

Blue Owl Capital Stock Down 3.4%

Shares of Blue Owl Capital stock traded down $0.66 during trading on Friday, reaching $18.94. The company's stock had a trading volume of 6,196,861 shares, compared to its average volume of 6,926,935. The business's 50-day moving average price is $18.96 and its 200-day moving average price is $20.45. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The firm has a market cap of $29.13 billion, a PE ratio of 145.70, a P/E/G ratio of 1.29 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data 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 net margin of 3.73% and a return on equity of 19.74%. The business had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. Equities analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date was Wednesday, May 14th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio is presently 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.