Voloridge Investment Management LLC Invests $7.90 Million in Blue Owl Capital Inc. (NYSE:OWL)

Voloridge Investment Management LLC acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 339,616 shares of the company's stock, valued at approximately $7,899,000.

A number of other institutional investors also recently made changes to their positions in OWL. Rakuten Securities Inc. acquired a new stake in Blue Owl Capital during the 4th quarter worth approximately $27,000. Allworth Financial LP grew 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 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 worth $44,000 after buying an additional 1,315 shares during the period. 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 worth $45,000 after buying an additional 450 shares during the period. Finally, Blue Trust Inc. lifted its holdings 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 worth $47,000 after buying an additional 1,310 shares in the last quarter. Institutional investors own 35.85% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on OWL shares. JMP Securities decreased their price target on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Piper Sandler cut their price objective on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Citigroup dropped their price target on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital currently has an average rating of "Moderate Buy" and an average target price of $23.40.

Blue Owl Capital Stock Down 0.1%

Shares of OWL stock traded down $0.02 during trading hours on Thursday, reaching $18.76. The company's stock had a trading volume of 3,752,866 shares, compared to its average volume of 6,852,831. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The firm's 50 day simple moving average is $18.49 and its 200-day simple moving average is $21.51. The company has a market capitalization of $28.85 billion, a price-to-earnings ratio of 110.33, a PEG ratio of 1.23 and a beta of 1.21.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $620.19 million for the quarter, compared to the consensus estimate of $636.44 million. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend 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 dividend yield of 4.80%. Blue Owl Capital's payout ratio is 692.31%.

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.