Raymond James & Associates Has $5.87 Million Position in Blue Owl Capital Inc. (NYSE:OWL)

Raymond James & Associates raised its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 28.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 394,162 shares of the company's stock after acquiring an additional 87,768 shares during the period. Raymond James & Associates' holdings in Blue Owl Capital were worth $5,873,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Salem Investment Counselors Inc. increased its holdings in shares of Blue Owl Capital by 58.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company's stock worth $47,000 after buying an additional 1,159 shares during the last quarter. Affinity Wealth Management LLC purchased a new stake in Blue Owl Capital during the 4th quarter worth $189,000. TrueMark Investments LLC purchased a new stake in Blue Owl Capital during the 4th quarter worth $1,287,000. Exchange Traded Concepts LLC purchased a new stake in Blue Owl Capital during the 4th quarter worth $1,944,000. Finally, DNB Asset Management AS boosted its position in Blue Owl Capital by 13.3% during the 4th quarter. DNB Asset Management AS now owns 357,814 shares of the company's stock worth $5,331,000 after purchasing an additional 41,870 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $15.81, for a total transaction of $71,145,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 33.39% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

OWL has been the subject of a number of research reports. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $19.00 price target on shares of Blue Owl Capital in a research report on Thursday, April 4th. UBS Group raised shares of Blue Owl Capital from a "neutral" rating to a "buy" rating and upped their price objective for the company from $18.00 to $22.00 in a research report on Tuesday, April 2nd. The Goldman Sachs Group upped their price objective on shares of Blue Owl Capital from $17.75 to $20.25 and gave the company a "buy" rating in a research report on Monday, February 12th. TD Cowen assumed coverage on shares of Blue Owl Capital in a research report on Thursday, January 4th. They issued an "outperform" rating and a $17.00 price objective for the company. Finally, Evercore ISI upped their price objective on shares of Blue Owl Capital from $18.00 to $22.00 and gave the company an "outperform" rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $18.84.

Blue Owl Capital Stock Performance

Shares of OWL stock traded down $0.41 during trading hours on Wednesday, hitting $18.93. 3,436,795 shares of the company were exchanged, compared to its average volume of 4,563,642. Blue Owl Capital Inc. has a one year low of $9.70 and a one year high of $19.87. The business's 50-day simple moving average is $17.79 and its two-hundred day simple moving average is $15.23. The stock has a market capitalization of $27.05 billion, a price-to-earnings ratio of 191.92, a P/E/G ratio of 1.28 and a beta of 1.27.

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

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, February 23rd were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.56 annualized dividend and a yield of 2.96%. Blue Owl Capital's dividend payout ratio (DPR) is 560.06%.

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.