Westwood Holdings Group Inc. Acquires 15,650 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Key Points

• Westwood Holdings Group Inc. increased its stake in Blue Owl Capital Inc. by 1.8%, acquiring an additional 15,650 shares, bringing its total ownership to 897,519 shares valued at approximately $17.99 million.
• Blue Owl Capital announced a quarterly dividend of $0.225 per share, reflecting a 4.6% yield, with a payout ratio currently at 1,000%.
• Equities analysts are generally optimistic, with a consensus rating of "Moderate Buy" and an average target price of $24.02 for Blue Owl Capital shares.

Westwood Holdings Group Inc. lifted its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 897,519 shares of the company's stock after purchasing an additional 15,650 shares during the period. Westwood Holdings Group Inc. owned 0.06% of Blue Owl Capital worth $17,986,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Capital World Investors lifted its holdings in shares of Blue Owl Capital by 14.5% during the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company's stock valued at $1,794,943,000 after purchasing an additional 9,794,102 shares during the last quarter. Cresset Asset Management LLC raised its holdings in Blue Owl Capital by 4,278.0% in the 4th quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company's stock worth $140,794,000 after acquiring an additional 5,914,804 shares during the last quarter. Voya Investment Management LLC raised its holdings in Blue Owl Capital by 163.2% in the 4th quarter. Voya Investment Management LLC now owns 5,177,288 shares of the company's stock worth $120,424,000 after acquiring an additional 3,209,934 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Blue Owl Capital by 637.7% in the 4th quarter. Squarepoint Ops LLC now owns 2,046,747 shares of the company's stock worth $47,607,000 after acquiring an additional 1,769,302 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Blue Owl Capital by 17.8% in the 4th quarter. Invesco Ltd. now owns 7,595,091 shares of the company's stock worth $176,662,000 after acquiring an additional 1,145,886 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Shares of OWL stock traded up $0.72 during mid-day trading on Friday, reaching $19.66. 8,845,917 shares of the company's stock traded hands, compared to its average volume of 7,298,744. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The firm has a 50 day moving average price of $19.34 and a two-hundred day moving average price of $19.99. The firm has a market capitalization of $30.23 billion, a PE ratio of 218.47, a price-to-earnings-growth ratio of 1.24 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $703.11 million for the quarter, compared to analysts' expectations of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. As a group, equities analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a $0.225 dividend. The ex-dividend date is Thursday, August 14th. This represents a $0.90 annualized dividend and a yield of 4.6%. Blue Owl Capital's payout ratio is presently 1,000.00%.

Wall Street Analyst Weigh In

OWL has been the subject of a number of recent analyst reports. Oppenheimer boosted their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. UBS Group decreased 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. Barclays boosted their price objective on shares of Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Finally, Wells Fargo & Company boosted their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.02.

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.