Voloridge Investment Management LLC Buys Shares of 339,616 Blue Owl Capital Inc. (NYSE:OWL)

Voloridge Investment Management LLC purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 339,616 shares of the company's stock, valued at approximately $7,899,000.

Other hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new position in Blue Owl Capital during the fourth quarter valued at approximately $27,000. Allworth Financial LP raised 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 purchasing an additional 428 shares in the last quarter. 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 period. Principal Securities Inc. grew 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 purchasing an additional 450 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake 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 acquiring an additional 1,310 shares during the period. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Price Performance

Shares of NYSE OWL traded down $0.31 during mid-day trading on Friday, hitting $18.45. 1,474,296 shares of the stock traded hands, compared to its average volume of 6,841,476. The company has a market cap of $28.37 billion, a PE ratio of 108.62, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The firm has a 50 day simple moving average of $18.43 and a two-hundred day simple moving average of $21.48.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $0.225 dividend. The ex-dividend date was Wednesday, May 14th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a yield of 4.88%. Blue Owl Capital's dividend payout ratio (DPR) is 692.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group cut 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. Piper Sandler dropped their target price on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the stock an "outperform" rating in a report on Wednesday, April 16th. Finally, JMP Securities dropped their target price on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.