TCG Advisory Services LLC Buys Shares of 437,064 Blue Owl Capital Inc. (NYSE:OWL)

TCG Advisory Services LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 437,064 shares of the company's stock, valued at approximately $6,512,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in OWL. SG Americas Securities LLC acquired a new position in Blue Owl Capital in the 3rd quarter valued at about $126,000. Xponance Inc. increased its position in Blue Owl Capital by 10.2% in the 3rd quarter. Xponance Inc. now owns 23,007 shares of the company's stock valued at $298,000 after acquiring an additional 2,131 shares during the period. Raymond James & Associates increased its position in Blue Owl Capital by 22.2% in the 3rd quarter. Raymond James & Associates now owns 306,394 shares of the company's stock valued at $3,971,000 after acquiring an additional 55,594 shares during the period. Bank of New York Mellon Corp increased its position in Blue Owl Capital by 2.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,472,484 shares of the company's stock valued at $32,043,000 after acquiring an additional 47,397 shares during the period. Finally, Brown Advisory Inc. acquired a new position in Blue Owl Capital in the 3rd quarter valued at about $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 NYSE:OWL traded down $0.16 during trading on Friday, hitting $17.95. 6,892,899 shares of the stock were exchanged, compared to its average volume of 3,820,691. The company has a fifty day moving average price of $18.33 and a two-hundred day moving average price of $15.91. The company has a market cap of $25.65 billion, a PE ratio of 149.58, a P/E/G ratio of 1.16 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. Blue Owl Capital had a return on equity of 18.02% and a net margin of 3.84%. The firm had revenue of $494.04 million for the quarter, compared to analyst estimates of $438.77 million. During the same quarter in the prior year, the company earned $0.15 EPS. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.84 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Tuesday, May 21st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.72 dividend on an annualized basis and a yield of 4.01%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.14. Blue Owl Capital's dividend payout ratio is presently 466.67%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OWL. Piper Sandler boosted their price target on Blue Owl Capital from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $19.00 target price on shares of Blue Owl Capital in a research report on Thursday, April 4th. Evercore ISI boosted their target price on Blue Owl Capital from $18.00 to $22.00 and gave the stock an "outperform" rating in a research report on Thursday, April 4th. TD Cowen dropped their target price on Blue Owl Capital from $23.00 to $21.50 and set a "buy" rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group boosted their target price on Blue Owl Capital from $17.75 to $20.25 and gave the stock a "buy" rating in a research report on Monday, February 12th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.