Squarepoint Ops LLC Buys 1,769,302 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Squarepoint Ops LLC grew its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 637.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,046,747 shares of the company's stock after purchasing an additional 1,769,302 shares during the period. Squarepoint Ops LLC owned approximately 0.14% of Blue Owl Capital worth $47,607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Global Retirement Partners LLC boosted its holdings in shares of Blue Owl Capital by 1.6% during the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock valued at $593,000 after acquiring an additional 413 shares in the last quarter. Dynasty Wealth Management LLC lifted its holdings in Blue Owl Capital by 0.5% during the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock worth $1,828,000 after buying an additional 417 shares during the period. Allworth Financial LP lifted its holdings in Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after buying an additional 428 shares during the period. Principal Securities Inc. lifted its holdings in Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after buying an additional 450 shares during the period. Finally, Teza Capital Management LLC lifted its holdings in Blue Owl Capital by 1.7% during the 4th quarter. Teza Capital Management LLC now owns 28,929 shares of the company's stock worth $673,000 after buying an additional 485 shares during the period. Institutional investors own 35.85% of the company's stock.

Wall Street Analysts Forecast Growth

OWL has been the topic of several recent research reports. Piper Sandler cut their target price on Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lifted their target price on Blue Owl Capital from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Citigroup cut their target price on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. UBS Group cut their target price on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $23.56.

Blue Owl Capital Stock Performance

Shares of OWL opened at $19.39 on Tuesday. The stock has a 50 day moving average price of $18.70 and a two-hundred day moving average price of $21.68. The firm has a market capitalization of $29.82 billion, a P/E ratio of 114.07, a P/E/G ratio of 1.23 and a beta of 1.21. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released 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). The business had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, equities analysts forecast 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 announced 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. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a dividend yield of 4.64%. Blue Owl Capital's dividend payout ratio is currently 692.31%.

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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