Inspire Trust Co. N.A. Purchases New Position in Blue Owl Capital Inc. (NYSE:OWL)

Inspire Trust Co. N.A. acquired a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 49,500 shares of the company's stock, valued at approximately $1,151,000.

Other hedge funds have also bought and sold shares of the company. Rothschild Investment LLC lifted its position in shares of Blue Owl Capital by 316.1% during the fourth quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock worth $790,000 after acquiring an additional 25,795 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Blue Owl Capital by 14.7% during the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock valued at $3,599,000 after purchasing an additional 19,810 shares during the period. Princeton Global Asset Management LLC purchased a new stake in Blue Owl Capital during the 4th quarter worth about $1,773,000. Charles Schwab Investment Management Inc. lifted its holdings in Blue Owl Capital by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock worth $80,179,000 after purchasing an additional 106,485 shares in the last quarter. Finally, Scholtz & Company LLC boosted its stake in Blue Owl Capital by 13.0% in the 4th quarter. Scholtz & Company LLC now owns 153,615 shares of the company's stock worth $3,573,000 after purchasing an additional 17,685 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on OWL shares. Piper Sandler decreased their price target on Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. UBS Group reduced their price objective on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Barclays decreased their target price on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and raised their price target for the company from $20.00 to $23.00 in a report on Tuesday. Finally, Wells Fargo & Company boosted their price target on shares of Blue Owl Capital from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Blue Owl Capital has an average rating of "Moderate Buy" and an average target price of $23.33.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $18.12 on Thursday. The company's fifty day moving average price is $18.69 and its 200-day moving average price is $21.64. The firm has a market capitalization of $27.87 billion, a price-to-earnings ratio of 106.62, a PEG ratio of 1.23 and a beta of 1.21. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results 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 return on equity of 20.82% and a net margin of 4.77%. The company had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. As a group, equities research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $0.225 dividend. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Wednesday, May 14th. Blue Owl Capital's dividend payout ratio is presently 692.31%.

Blue Owl Capital 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.

Want to see what other hedge funds are holding OWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Owl Capital Inc. (NYSE:OWL - Free Report).

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.