Twinbeech Capital LP Purchases New Stake in Blue Owl Capital Inc. (NYSE:OWL)

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

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its position 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 purchasing an additional 9,917,071 shares during the period. Capital World Investors boosted its position 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 purchasing an additional 9,794,102 shares during the period. Cresset Asset Management LLC boosted its position 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 purchasing an additional 5,914,804 shares during the period. Norges Bank bought a new position in Blue Owl Capital during the fourth quarter worth about $137,118,000. Finally, Vanguard Group Inc. boosted its position 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 purchasing an additional 5,558,868 shares during the period. Institutional investors own 35.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Piper Sandler cut their target price on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Citigroup lowered their price target on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Wells Fargo & Company increased their price target on shares of Blue Owl Capital from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. 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 report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.56.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $19.48 on Monday. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73. The firm has a market cap of $29.95 billion, a PE ratio of 114.58, a PEG ratio of 1.23 and a beta of 1.21. The company has a 50 day simple moving average of $18.69 and a two-hundred day simple moving average of $21.70.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced 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). 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 the consensus estimate of $636.44 million. As a group, research analysts anticipate 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 disclosed 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.62%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, May 14th. Blue Owl Capital's payout ratio is presently 692.31%.

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.

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