Foster Victor Wealth Advisors LLC Increases Stake in Blue Owl Capital Inc. (NYSE:OWL)

Foster Victor Wealth Advisors LLC raised its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 27.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 624,508 shares of the company's stock after buying an additional 132,586 shares during the period. Foster Victor Wealth Advisors LLC's holdings in Blue Owl Capital were worth $12,515,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OWL. Kestra Private Wealth Services LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at approximately $509,000. Asset Management One Co. Ltd. bought a new position in shares of Blue Owl Capital in the fourth quarter worth approximately $352,000. Blue Trust Inc. boosted its position 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 purchasing an additional 1,310 shares during the period. Rhumbline Advisers boosted its position in shares of Blue Owl Capital by 4.2% in the fourth quarter. Rhumbline Advisers now owns 599,337 shares of the company's stock worth $13,941,000 after purchasing an additional 23,952 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its position in shares of Blue Owl Capital by 3.4% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,685 shares of the company's stock worth $458,000 after purchasing an additional 642 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL opened at $18.65 on Friday. The firm has a fifty day moving average price of $18.39 and a 200 day moving average price of $21.12. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The firm has a market cap of $28.67 billion, a price-to-earnings ratio of 109.68, a P/E/G ratio of 1.23 and a beta of 1.18.

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 for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. The company had revenue of $620.19 million for the quarter, compared to the consensus estimate of $636.44 million. As a group, research 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 disclosed 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. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.90 annualized dividend and a yield of 4.83%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio (DPR) is 692.31%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OWL. Barclays dropped their price target on shares of 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. UBS Group dropped their price target on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Piper Sandler dropped their price target 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. Oppenheimer set a $24.00 price target on shares of Blue Owl Capital and gave the stock an "outperform" rating in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company upped their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.81.

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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