Signaturefd LLC Has $111,000 Position in Blue Owl Capital Inc. (NYSE:OWL)

Signaturefd LLC increased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 26.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,473 shares of the company’s stock after purchasing an additional 1,580 shares during the period. Signaturefd LLC’s holdings in Blue Owl Capital were worth $111,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OWL. Westfield Capital Management Co. LP bought a new stake in shares of Blue Owl Capital in the third quarter valued at approximately $59,997,000. Oregon Public Employees Retirement Fund bought a new position in Blue Owl Capital during the third quarter valued at about $51,840,000. Advent International L.P. acquired a new position in Blue Owl Capital in the 3rd quarter valued at approximately $30,780,000. Charles Schwab Investment Management Inc. lifted its position in shares of Blue Owl Capital by 68.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,520,506 shares of the company’s stock worth $45,626,000 after acquiring an additional 1,435,837 shares during the period. Finally, Vanguard Group Inc. grew its holdings 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 worth $520,983,000 after purchasing an additional 1,293,941 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 1.3 %

Shares of NYSE OWL opened at $19.04 on Tuesday. Blue Owl Capital Inc. has a 1-year low of $9.70 and a 1-year high of $19.87. The company has a 50-day moving average of $18.29 and a two-hundred day moving average of $15.76. The company has a market cap of $27.20 billion, a PE ratio of 190.42, a P/E/G ratio of 1.22 and a beta of 1.27.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm 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 17.31% and a net margin of 3.14%. During the same quarter in the prior year, the business earned $0.15 EPS. As a group, equities research analysts forecast that Blue Owl Capital Inc. will post 0.84 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.56 annualized dividend and a yield of 2.94%. Blue Owl Capital’s dividend payout ratio is currently 560.06%.

Wall Street Analyst Weigh In

OWL has been the subject of several research reports. TD Cowen began coverage on Blue Owl Capital in a research report on Thursday, January 4th. They issued an “outperform” rating and a $17.00 target price for the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $19.00 price objective on shares of Blue Owl Capital in a report on Thursday, April 4th. JMP Securities reissued a “market outperform” rating and issued a $24.00 target price on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Piper Sandler increased their price target on shares of Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, The Goldman Sachs Group lifted their price objective on Blue Owl Capital from $17.75 to $20.25 and gave the company a “buy” rating in a report on Monday, February 12th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.48.

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.