49,500 Shares in Blue Owl Capital Inc. (NYSE:OWL) Purchased by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,500 shares of the company's stock, valued at approximately $1,151,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Blue Owl Capital by 49.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,573,350 shares of the company's stock valued at $36,596,000 after acquiring an additional 518,075 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Blue Owl Capital during the 4th quarter valued at approximately $7,899,000. Squarepoint Ops LLC increased its position in Blue Owl Capital by 637.7% in the fourth quarter. Squarepoint Ops LLC now owns 2,046,747 shares of the company's stock worth $47,607,000 after buying an additional 1,769,302 shares during the period. Twinbeech Capital LP acquired a new stake in Blue Owl Capital in the fourth quarter worth $19,543,000. Finally, Two Sigma Investments LP increased its position in Blue Owl Capital by 37.5% in the fourth quarter. Two Sigma Investments LP now owns 320,249 shares of the company's stock worth $7,449,000 after buying an additional 87,352 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OWL has been the topic of several analyst reports. Keefe, Bruyette & Woods raised Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. JMP Securities dropped their target price on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Piper Sandler dropped their target price 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. Finally, Wells Fargo & Company raised their price target on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.40.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL traded up $0.54 during midday trading on Tuesday, reaching $18.81. The company had a trading volume of 1,758,643 shares, compared to its average volume of 6,845,491. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The firm has a market cap of $28.92 billion, a price-to-earnings ratio of 110.61, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. The company has a fifty day simple moving average of $18.57 and a two-hundred day simple moving average of $21.55.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly 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 net margin of 4.77% and a return on equity of 20.82%. The company had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. Analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a $0.225 dividend. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.79%. Blue Owl Capital's dividend payout ratio (DPR) is 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.