Garner Asset Management Corp Invests $541,000 in Blue Owl Capital Inc. (NYSE:OWL)

Garner Asset Management Corp purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 23,280 shares of the company’s stock, valued at approximately $541,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC boosted its holdings in Blue Owl Capital by 1.6% in the fourth quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock worth $593,000 after purchasing an additional 413 shares during the period. Dynasty Wealth Management LLC boosted its stake in Blue Owl Capital by 0.5% in the fourth quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company’s stock valued at $1,828,000 after acquiring an additional 417 shares during the period. Allworth Financial LP grew its holdings in shares of Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after purchasing an additional 428 shares during the last quarter. Principal Securities Inc. raised its position in shares of Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after purchasing an additional 450 shares during the period. Finally, Miracle Mile Advisors LLC lifted its holdings in shares of Blue Owl Capital by 4.1% in the 4th quarter. Miracle Mile Advisors LLC now owns 12,289 shares of the company’s stock worth $286,000 after purchasing an additional 479 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citigroup lowered their price objective 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. Wells Fargo & Company cut their price objective on shares of Blue Owl Capital from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and upped their target price for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Piper Sandler cut their price target on Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Barclays decreased their price objective 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. According to MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average target price of $24.10.

Blue Owl Capital Stock Down 1.4 %

NYSE:OWL opened at $16.96 on Friday. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The firm has a market cap of $26.07 billion, a P/E ratio of 99.74, a PEG ratio of 1.23 and a beta of 1.20. The business’s 50-day moving average price is $20.62 and its 200 day moving average price is $22.28.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s payout ratio is 423.53%.

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.