Triumph Capital Management Makes New Investment in Blue Owl Capital Inc. (NYSE:OWL)

Triumph Capital Management purchased a new stake 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 and Exchange Commission (SEC). The fund purchased 20,000 shares of the company's stock, valued at approximately $465,000.

Other hedge funds have also made changes to their positions in the company. Capital World Investors lifted its holdings in shares of Blue Owl Capital by 14.5% in the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company's stock valued at $1,794,943,000 after purchasing an additional 9,794,102 shares in the last quarter. Vanguard Group Inc. raised its position in Blue Owl Capital by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock valued at $1,237,581,000 after buying an additional 5,558,868 shares during the period. FMR LLC lifted its stake in Blue Owl Capital by 28.1% in the 4th quarter. FMR LLC now owns 45,241,160 shares of the company's stock worth $1,052,309,000 after acquiring an additional 9,917,071 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Blue Owl Capital by 2.4% in the 4th quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company's stock worth $215,131,000 after acquiring an additional 218,586 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Blue Owl Capital by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company's stock worth $196,060,000 after acquiring an additional 274,094 shares during the period. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analyst Upgrades and Downgrades

OWL has been the subject of a number of research analyst reports. TD Cowen raised shares of Blue Owl Capital from a "hold" rating to a "buy" rating and increased their price target for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Piper Sandler cut their target price on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Evercore ISI upped their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Finally, Barclays reduced their price target on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $23.56.

Blue Owl Capital Trading Up 2.8 %

NYSE:OWL traded up $0.51 during mid-day trading on Friday, hitting $18.42. 9,437,055 shares of the company's stock traded hands, compared to its average volume of 6,792,020. The firm has a market capitalization of $28.33 billion, a price-to-earnings ratio of 108.36, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The firm has a 50 day moving average of $18.93 and a two-hundred day moving average of $22.00. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73.

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

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.89%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio is currently 423.53%.

About Blue Owl Capital

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.