Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by Stephens Inc. AR

Stephens Inc. AR raised its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 646,330 shares of the company's stock after purchasing an additional 18,911 shares during the period. Stephens Inc. AR's holdings in Blue Owl Capital were worth $12,952,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. New York State Common Retirement Fund grew its stake in Blue Owl Capital by 5.9% during the first quarter. New York State Common Retirement Fund now owns 303,044 shares of the company's stock valued at $6,073,000 after acquiring an additional 17,000 shares in the last quarter. IFC Advisors LLC lifted its position in Blue Owl Capital by 9.4% during the first quarter. IFC Advisors LLC now owns 242,074 shares of the company's stock valued at $4,851,000 after purchasing an additional 20,841 shares during the last quarter. Cortland Associates Inc. MO lifted its position in Blue Owl Capital by 0.3% during the first quarter. Cortland Associates Inc. MO now owns 2,009,370 shares of the company's stock valued at $40,268,000 after purchasing an additional 5,346 shares during the last quarter. Freedom Day Solutions LLC lifted its position in Blue Owl Capital by 5.4% during the first quarter. Freedom Day Solutions LLC now owns 108,171 shares of the company's stock valued at $2,168,000 after purchasing an additional 5,531 shares during the last quarter. Finally, Xponance Inc. lifted its position in Blue Owl Capital by 4.7% during the first quarter. Xponance Inc. now owns 71,874 shares of the company's stock valued at $1,440,000 after purchasing an additional 3,214 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on OWL shares. UBS Group lowered their price objective on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Wells Fargo & Company boosted their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Citigroup lowered their price objective on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Oppenheimer boosted their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday. Two 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, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.02.

Blue Owl Capital Price Performance

Shares of NYSE:OWL traded up $0.67 on Thursday, hitting $20.85. 12,181,333 shares of the company's stock were exchanged, compared to its average volume of 6,982,727. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The stock has a market capitalization of $32.06 billion, a price-to-earnings ratio of 160.37, a price-to-earnings-growth ratio of 1.38 and a beta of 1.17. The business's 50 day simple moving average is $19.09 and its two-hundred day simple moving average is $20.39.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly 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). 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 for the quarter, compared to analysts' expectations of $636.44 million. Equities analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.225 per share. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.32%. Blue Owl Capital's payout ratio 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.