Cerity Partners LLC Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

Cerity Partners LLC acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 171,895 shares of the company’s stock, valued at approximately $2,561,000.

Several other institutional investors and hedge funds have also recently modified their holdings of OWL. Headlands Technologies LLC bought a new stake in shares of Blue Owl Capital during the third quarter valued at approximately $27,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $32,000. Quantbot Technologies LP bought a new stake in shares of Blue Owl Capital during the first quarter valued at approximately $33,000. Private Trust Co. NA bought a new stake in shares of Blue Owl Capital during the third quarter valued at approximately $40,000. Finally, Salem Investment Counselors Inc. raised its position in shares of Blue Owl Capital by 58.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after buying an additional 1,159 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Insider Transactions at Blue Owl Capital

In other news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of Blue Owl Capital stock in a transaction on Monday, January 29th. The stock was sold at an average price of $15.81, for a total transaction of $71,145,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 33.39% of the company’s stock.

Wall Street Analyst Weigh In

OWL has been the subject of a number of recent research reports. Piper Sandler raised their target price on shares of Blue Owl Capital from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Evercore ISI raised their target price on shares of Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group raised their target price on shares of Blue Owl Capital from $17.75 to $20.25 and gave the company a “buy” rating in a report on Monday, February 12th. Finally, UBS Group raised shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and raised their target price for the company from $18.00 to $22.00 in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.48.

Blue Owl Capital Stock Up 0.3 %

NYSE OWL opened at $18.37 on Friday. The company has a fifty day moving average of $18.16 and a two-hundred day moving average of $15.47. The firm has a market capitalization of $26.25 billion, a price-to-earnings ratio of 183.72, a PEG ratio of 1.19 and a beta of 1.27. Blue Owl Capital Inc. has a 52 week low of $9.70 and a 52 week high of $19.87.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. The company had revenue of $494.04 million during the quarter, compared to analyst estimates of $438.77 million. During the same period in the previous year, the firm earned $0.15 earnings per share. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.84 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 23rd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.56 annualized dividend and a dividend yield of 3.05%. Blue Owl Capital’s dividend payout ratio (DPR) is 560.06%.

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.