Blue Owl Capital Inc. (NYSE:OWL) Shares Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP boosted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 458.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,928 shares of the company's stock after acquiring an additional 86,128 shares during the quarter. Qsemble Capital Management LP's holdings in Blue Owl Capital were worth $1,563,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Blue Owl Capital by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company's stock valued at $520,983,000 after acquiring an additional 1,293,941 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of Blue Owl Capital during the 3rd quarter worth approximately $59,997,000. Charles Schwab Investment Management Inc. grew its stake in Blue Owl Capital by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,620,694 shares of the company's stock valued at $53,948,000 after acquiring an additional 100,188 shares during the period. HighTower Advisors LLC increased its holdings in Blue Owl Capital by 35.2% in the 3rd quarter. HighTower Advisors LLC now owns 2,487,840 shares of the company's stock worth $32,242,000 after acquiring an additional 647,815 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Blue Owl Capital by 2.0% during the third quarter. Bank of New York Mellon Corp now owns 2,472,484 shares of the company's stock worth $32,043,000 after acquiring an additional 47,397 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OWL has been the topic of several research analyst reports. The Goldman Sachs Group lifted their target price 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 reduced their target price on Blue Owl Capital from $23.00 to $21.50 and set a "buy" rating for the company in a report on Friday, May 3rd. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $19.00 price target on shares of Blue Owl Capital in a research note on Thursday, April 4th. JMP Securities reissued a "market outperform" rating and issued a $24.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Finally, UBS Group raised shares of Blue Owl Capital from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $18.00 to $22.00 in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and an average target price of $19.89.

Blue Owl Capital Price Performance

Shares of OWL stock traded up $0.02 during trading on Friday, hitting $18.55. 4,640,712 shares of the stock traded hands, compared to its average volume of 4,941,239. Blue Owl Capital Inc. has a 52-week low of $9.70 and a 52-week high of $19.87. The firm has a market capitalization of $26.50 billion, a P/E ratio of 154.58, a price-to-earnings-growth ratio of 1.22 and a beta of 1.24. The firm's fifty day moving average price is $18.38 and its 200-day moving average price is $16.09.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Friday, February 9th. The company reported $0.18 EPS 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 the consensus estimate of $438.77 million. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. During the same quarter in the previous year, the business earned $0.15 earnings per share. As a group, equities research analysts expect that Blue Owl Capital Inc. will post 0.83 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.88%. The ex-dividend date is Monday, May 20th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.14. Blue Owl Capital's dividend payout ratio (DPR) is 600.00%.

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.

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