135,766 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by Richard Bernstein Advisors LLC

Richard Bernstein Advisors 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 Form 13F filing with the SEC. The institutional investor purchased 135,766 shares of the company's stock, valued at approximately $2,721,000.

Several other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of Blue Owl Capital by 36.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 917,980 shares of the company's stock valued at $18,396,000 after buying an additional 243,658 shares during the period. Argentarii LLC boosted its position in shares of Blue Owl Capital by 3.1% during the 1st quarter. Argentarii LLC now owns 38,056 shares of the company's stock worth $763,000 after purchasing an additional 1,153 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of Blue Owl Capital by 25.7% during the 1st quarter. Concurrent Investment Advisors LLC now owns 56,905 shares of the company's stock worth $1,140,000 after purchasing an additional 11,630 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Blue Owl Capital by 9.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,655,834 shares of the company's stock worth $53,223,000 after purchasing an additional 229,745 shares during the period. Finally, Mutual Advisors LLC boosted its position in shares of Blue Owl Capital by 5.5% during the 1st quarter. Mutual Advisors LLC now owns 33,715 shares of the company's stock worth $624,000 after purchasing an additional 1,752 shares during the period. Hedge funds and other institutional investors own 35.85% of the company's stock.

Wall Street Analyst Weigh In

OWL has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. Piper Sandler increased their price objective on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Barclays increased their price objective on shares of Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a research report on Thursday. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Finally, Evercore ISI increased their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Blue Owl Capital presently has an average rating of "Moderate Buy" and an average target price of $23.85.

Blue Owl Capital Price Performance

Shares of OWL traded down $0.66 during midday trading on Friday, reaching $18.94. The stock had a trading volume of 6,196,861 shares, compared to its average volume of 6,913,588. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The company's fifty day simple moving average is $18.96 and its two-hundred day simple moving average is $20.50. The company has a market cap of $29.13 billion, a price-to-earnings ratio of 145.70, a PEG ratio of 1.34 and a beta of 1.17.

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 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 firm had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. On average, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.75%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, May 14th. Blue Owl Capital's dividend payout ratio (DPR) 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.