Barton Investment Management Increases Position in Blue Owl Capital Inc. (NYSE:OWL)

Barton Investment Management grew its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,665,770 shares of the company's stock after acquiring an additional 109,412 shares during the period. Blue Owl Capital comprises about 3.2% of Barton Investment Management's investment portfolio, making the stock its 9th biggest holding. Barton Investment Management owned approximately 0.12% of Blue Owl Capital worth $24,820,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of OWL. Envestnet Asset Management Inc. acquired a new stake in shares of Blue Owl Capital during the first quarter valued at about $152,000. JPMorgan Chase & Co. grew its stake in Blue Owl Capital by 168.4% in the first quarter. JPMorgan Chase & Co. now owns 407,381 shares of the company's stock worth $5,166,000 after purchasing an additional 255,594 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Blue Owl Capital by 8.2% in the first quarter. Bank of New York Mellon Corp now owns 780,428 shares of the company's stock worth $9,895,000 after purchasing an additional 59,124 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new position in Blue Owl Capital in the first quarter worth about $131,000. Finally, Clearbridge Investments LLC acquired a new position in Blue Owl Capital in the first quarter worth about $31,838,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the business's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $15.81, for a total transaction of $71,145,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 33.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OWL. The Goldman Sachs Group lifted their price target on Blue Owl Capital from $17.75 to $20.25 and gave the stock a "buy" rating in a research note on Monday, February 12th. UBS Group upgraded Blue Owl Capital from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $18.00 to $22.00 in a research note on Tuesday, April 2nd. TD Cowen started coverage on shares of Blue Owl Capital in a report on Thursday, January 4th. They issued an "outperform" rating and a $17.00 target price on the stock. Piper Sandler raised their target price on shares of Blue Owl Capital from $20.00 to $22.00 and gave the stock an "overweight" rating in a report on Friday, March 1st. Finally, Evercore ISI raised their target price on shares of Blue Owl Capital from $18.00 to $22.00 and gave the stock an "outperform" rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Blue Owl Capital presently has an average rating of "Moderate Buy" and a consensus target price of $18.20.

Blue Owl Capital Stock Performance

Shares of OWL traded up $0.24 during mid-day trading on Friday, reaching $19.28. 4,735,949 shares of the company's stock traded hands, compared to its average volume of 3,741,294. The business's 50-day moving average price is $17.65 and its 200-day moving average price is $15.13. The stock has a market capitalization of $27.55 billion, a P/E ratio of 192.82, a price-to-earnings-growth ratio of 1.25 and a beta of 1.27. Blue Owl Capital Inc. has a 12 month low of $9.70 and a 12 month high of $19.87.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. The company had revenue of $494.04 million for the quarter, compared to analysts' expectations of $438.77 million. Blue Owl Capital had a return on equity of 17.31% and a net margin of 3.14%. During the same quarter in the previous year, the company posted $0.15 earnings per share. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.83 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.90%. Blue Owl Capital's dividend payout ratio (DPR) is presently 560.06%.

Blue Owl Capital 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.