Redwood Investment Management LLC Acquires Shares of 218,623 Blue Owl Capital Inc. (NYSE:OWL)

Redwood Investment Management LLC acquired 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 13F filing with the Securities & Exchange Commission. The fund acquired 218,623 shares of the company's stock, valued at approximately $5,085,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Europe London LLP purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at about $8,847,000. Man Group plc grew its position in Blue Owl Capital by 354.4% in the fourth quarter. Man Group plc now owns 289,271 shares of the company's stock valued at $6,728,000 after acquiring an additional 225,613 shares in the last quarter. Obermeyer Wealth Partners grew its position in Blue Owl Capital by 1.1% in the fourth quarter. Obermeyer Wealth Partners now owns 132,685 shares of the company's stock valued at $3,086,000 after acquiring an additional 1,455 shares in the last quarter. Meketa Capital LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $1,631,000. Finally, Lionshead Wealth Management LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter worth $320,000. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Cfra Research upgraded shares of Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Citigroup lowered their target price on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Barclays dropped their target price on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Evercore ISI boosted their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Finally, JMP Securities lowered their price objective on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $23.56.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $19.84 on Thursday. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The company's 50-day simple moving average is $18.66 and its 200-day simple moving average is $21.76. The stock has a market capitalization of $30.51 billion, a price-to-earnings ratio of 116.71, a PEG ratio of 1.23 and a beta of 1.21.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. The firm had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. As a group, research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.54%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, May 14th. Blue Owl Capital's payout ratio is 692.31%.

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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