Two Sigma Investments LP Grows Position in Blue Owl Capital Inc. (NYSE:OWL)

Two Sigma Investments LP boosted its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 37.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 320,249 shares of the company's stock after buying an additional 87,352 shares during the quarter. Two Sigma Investments LP's holdings in Blue Owl Capital were worth $7,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth about $27,000. Allworth Financial LP lifted its holdings in Blue Owl Capital by 43.3% in 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. Jones Financial Companies Lllp grew its position in shares of Blue Owl Capital by 232.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after buying an additional 1,315 shares during the last quarter. Principal Securities Inc. increased its stake in shares of Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after buying an additional 450 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Blue Owl Capital by 182.2% during the fourth 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 during the period. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Performance

NYSE OWL traded down $0.24 during mid-day trading on Friday, reaching $18.51. 954,791 shares of the stock were exchanged, compared to its average volume of 6,839,498. The company has a market capitalization of $28.46 billion, a P/E ratio of 109.15, a P/E/G ratio of 1.23 and a beta of 1.21. The business's 50 day moving average is $18.43 and its 200-day moving average is $21.48. 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 announced 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 business had revenue of $620.19 million for the quarter, compared to analysts' expectations of $636.44 million. Equities analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.225 per share. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Wednesday, May 14th. Blue Owl Capital's payout ratio is currently 692.31%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group reduced 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 cut their target price on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. JMP Securities decreased their price target on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Piper Sandler cut their price objective on 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. Finally, Citigroup reduced 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. Three 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 an average rating of "Moderate Buy" and an average target price of $23.40.

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.