24,967 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by Sage Advisors LLC

Sage Advisors LLC bought a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 24,967 shares of the company's stock, valued at approximately $500,000. Blue Owl Capital comprises about 0.4% of Sage Advisors LLC's investment portfolio, making the stock its 22nd biggest holding.

Other hedge funds also recently made changes to their positions in the company. Illinois Municipal Retirement Fund bought a new position in Blue Owl Capital during the fourth quarter valued at about $753,000. Oppenheimer & Co. Inc. grew its position in shares of Blue Owl Capital by 27.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 39,649 shares of the company's stock valued at $922,000 after acquiring an additional 8,576 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $487,000. QRG Capital Management Inc. raised its holdings in shares of Blue Owl Capital by 30.4% in the 4th quarter. QRG Capital Management Inc. now owns 18,225 shares of the company's stock worth $424,000 after purchasing an additional 4,245 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock valued at $44,000 after purchasing an additional 1,315 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on OWL shares. Wells Fargo & Company raised their target price on 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. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Oppenheimer set a $24.00 price objective on shares of Blue Owl Capital and gave the company an "outperform" rating in a report on Wednesday, April 16th. Piper Sandler lifted their target price on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Barclays lowered their price target on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Blue Owl Capital has an average rating of "Moderate Buy" and an average target price of $24.02.

Blue Owl Capital Price Performance

NYSE OWL traded up $0.17 on Friday, reaching $19.57. 3,902,175 shares of the company's stock traded hands, compared to its average volume of 6,903,398. The stock has a market cap of $30.10 billion, a PE ratio of 150.55, a P/E/G ratio of 1.32 and a beta of 1.17. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The stock has a 50-day simple moving average of $18.88 and a 200 day simple moving average of $20.64.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $620.19 million for the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. As a group, analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.90 annualized dividend and a dividend yield of 4.60%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's payout ratio is currently 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.