Twinbeech Capital LP Acquires Shares of 840,211 Blue Owl Capital Inc. (NYSE:OWL)

Twinbeech Capital LP purchased a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 840,211 shares of the company's stock, valued at approximately $19,543,000. Twinbeech Capital LP owned approximately 0.06% of Blue Owl Capital at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in OWL. Rakuten Securities Inc. acquired a new position in Blue Owl Capital during the 4th quarter valued at about $27,000. Allworth Financial LP increased its position in Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after buying an additional 428 shares in the last quarter. Jones Financial Companies Lllp increased its position in Blue Owl Capital by 232.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock valued at $44,000 after buying an additional 1,315 shares in the last quarter. Principal Securities Inc. increased its position in Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after buying an additional 450 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Blue Owl Capital by 182.2% during the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock valued at $47,000 after buying an additional 1,310 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 0.1%

Shares of OWL traded up $0.02 during mid-day trading on Friday, reaching $18.25. The company had a trading volume of 4,343,099 shares, compared to its average volume of 6,854,324. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The stock has a market capitalization of $28.06 billion, a P/E ratio of 107.33, a PEG ratio of 1.23 and a beta of 1.21. The stock has a 50 day moving average of $18.63 and a two-hundred day moving average of $21.60.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. The company had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. On average, sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a $0.225 dividend. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.93%. Blue Owl Capital's dividend payout ratio is presently 692.31%.

Analyst Ratings Changes

Several research analysts recently issued reports on OWL shares. Wells Fargo & Company upped their target price on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Friday. Oppenheimer set a $24.00 target price on Blue Owl Capital and gave the company an "outperform" rating in a research report on Wednesday, April 16th. JMP Securities reduced their target price on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. UBS Group cut their price objective 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, Keefe, Bruyette & Woods raised Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $20.00 to $23.00 in a report on Tuesday. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.40.

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.