61,800 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by Wesbanco Bank Inc.

Wesbanco Bank Inc. purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 61,800 shares of the company's stock, valued at approximately $1,166,000.

A number of other large investors have also recently bought and sold shares of OWL. SG Americas Securities LLC acquired a new stake in Blue Owl Capital during the 3rd quarter worth $126,000. Xponance Inc. boosted its stake in Blue Owl Capital by 10.2% during the 3rd quarter. Xponance Inc. now owns 23,007 shares of the company's stock worth $298,000 after purchasing an additional 2,131 shares during the period. Raymond James & Associates boosted its stake in Blue Owl Capital by 22.2% during the 3rd quarter. Raymond James & Associates now owns 306,394 shares of the company's stock worth $3,971,000 after purchasing an additional 55,594 shares during the period. Bank of New York Mellon Corp boosted its stake in Blue Owl Capital by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,472,484 shares of the company's stock worth $32,043,000 after purchasing an additional 47,397 shares during the period. Finally, Brown Advisory Inc. acquired a new stake in Blue Owl Capital during the 3rd quarter worth $1,064,000. Institutional investors and hedge funds own 35.85% of the company's stock.

Blue Owl Capital Trading Down 0.9 %

Shares of OWL traded down $0.16 during trading hours on Friday, reaching $17.95. The company had a trading volume of 6,892,899 shares, compared to its average volume of 3,820,691. The firm has a 50 day simple moving average of $18.33 and a 200-day simple moving average of $15.87. The company has a market capitalization of $25.65 billion, a price-to-earnings ratio of 149.58, a PEG ratio of 1.17 and a beta of 1.24. 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 posted its earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.02%. The firm had revenue of $494.04 million during the quarter, compared to the consensus estimate of $438.77 million. During the same period last year, the firm posted $0.15 EPS. Sell-side analysts forecast that Blue Owl Capital Inc. will post 0.84 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.18 per share. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 4.01%. The ex-dividend date is Monday, May 20th. Blue Owl Capital's dividend payout ratio (DPR) is 466.67%.

Analysts Set New Price Targets

Several analysts have recently commented on OWL shares. TD Cowen reduced their target price on shares of Blue Owl Capital from $23.00 to $21.50 and set a "buy" rating for the company in a research note on Friday. JMP Securities restated a "market outperform" rating and issued a $24.00 target price on shares of Blue Owl Capital in a research note on Tuesday, April 9th. The Goldman Sachs Group raised their target price on shares of Blue Owl Capital from $17.75 to $20.25 and gave the stock a "buy" rating in a research note on Monday, February 12th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $19.00 target price on shares of Blue Owl Capital in a research note on Thursday, April 4th. Finally, UBS Group upgraded shares of Blue Owl Capital from a "neutral" rating to a "buy" rating and raised their target price for the stock from $18.00 to $22.00 in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.89.

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.

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