Aquatic Capital Management LLC Buys Shares of 321,729 Blue Owl Capital Inc. (NYSE:OWL)

Aquatic Capital Management LLC purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, Holdings Channel reports. The firm purchased 321,729 shares of the company’s stock, valued at approximately $7,483,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC increased its position in shares of Blue Owl Capital by 28.1% during the 4th quarter. FMR LLC now owns 45,241,160 shares of the company’s stock valued at $1,052,309,000 after purchasing an additional 9,917,071 shares during the last quarter. Capital World Investors grew its position in Blue Owl Capital by 14.5% during the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock valued at $1,794,943,000 after buying an additional 9,794,102 shares during the period. Norges Bank purchased a new stake in Blue Owl Capital during the fourth quarter valued at approximately $137,118,000. Vanguard Group Inc. raised its position in Blue Owl Capital by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock worth $1,237,581,000 after acquiring an additional 5,558,868 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Blue Owl Capital by 163.2% during the 4th quarter. Voya Investment Management LLC now owns 5,177,288 shares of the company’s stock worth $120,424,000 after acquiring an additional 3,209,934 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 0.2 %

Shares of OWL stock opened at $18.50 on Friday. The company’s fifty day simple moving average is $19.33 and its two-hundred day simple moving average is $22.11. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The stock has a market cap of $28.45 billion, a P/E ratio of 108.83, a PEG ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.89%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Evercore ISI upped their price objective 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. Wells Fargo & Company lowered their price objective on 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. Cfra Research upgraded shares of Blue Owl Capital to a “moderate buy” rating in a research note on Thursday, March 27th. Piper Sandler dropped their price target 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. Finally, Citigroup decreased their price objective on shares of Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.79.

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.