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

Squarepoint Ops LLC lifted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 637.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,046,747 shares of the company's stock after acquiring an additional 1,769,302 shares during the quarter. Squarepoint Ops LLC owned about 0.14% of Blue Owl Capital worth $47,607,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FMR LLC boosted its holdings in Blue Owl Capital by 28.1% during the fourth quarter. FMR LLC now owns 45,241,160 shares of the company's stock worth $1,052,309,000 after buying an additional 9,917,071 shares in the last quarter. Capital World Investors boosted its holdings in Blue Owl Capital by 14.5% during the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company's stock worth $1,794,943,000 after buying an additional 9,794,102 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in Blue Owl Capital by 4,278.0% during the fourth quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company's stock worth $140,794,000 after buying an additional 5,914,804 shares in the last quarter. Norges Bank bought a new stake in Blue Owl Capital during the fourth quarter worth approximately $137,118,000. Finally, Vanguard Group Inc. boosted its holdings in Blue Owl Capital by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after buying an additional 5,558,868 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Blue Owl Capital Stock Up 0.1%

Shares of NYSE:OWL traded up $0.02 during trading on Friday, reaching $18.25. 4,343,099 shares of the company traded hands, compared to its average volume of 6,865,061. The firm has a fifty day simple moving average of $18.63 and a 200 day simple moving average of $21.59. The firm has a market cap of $28.06 billion, a P/E ratio of 107.33, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $636.44 million. As a group, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.93%. The ex-dividend date is Wednesday, May 14th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's payout ratio is presently 692.31%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on OWL shares. Piper Sandler lowered their price objective on shares of 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. Cfra Research upgraded shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. UBS Group lowered their price objective on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Barclays lowered their price objective 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. Finally, Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $23.40.

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.