First Manhattan CO. LLC. Raises Holdings in Blue Owl Capital Inc. (NYSE:OWL)

First Manhattan CO. LLC. increased its position in Blue Owl Capital Inc. (NYSE:OWL) by 8.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 62,050 shares of the company’s stock after purchasing an additional 5,000 shares during the period. First Manhattan CO. LLC.’s holdings in Blue Owl Capital were worth $1,443,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FJ Capital Management LLC purchased a new stake in Blue Owl Capital in the fourth quarter valued at approximately $393,000. FORA Capital LLC raised its position in Blue Owl Capital by 19.2% in the 4th quarter. FORA Capital LLC now owns 125,089 shares of the company’s stock valued at $2,910,000 after purchasing an additional 20,169 shares during the last quarter. Fred Alger Management LLC boosted its stake in Blue Owl Capital by 39.6% during the 4th quarter. Fred Alger Management LLC now owns 1,091,101 shares of the company’s stock worth $25,379,000 after purchasing an additional 309,693 shares during the period. Cresset Asset Management LLC increased its stake in Blue Owl Capital by 4,278.0% in the fourth quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company’s stock valued at $140,794,000 after purchasing an additional 5,914,804 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Blue Owl Capital by 6.8% in the fourth quarter. Cetera Investment Advisers now owns 44,260 shares of the company’s stock valued at $1,029,000 after buying an additional 2,811 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of OWL opened at $18.53 on Friday. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The stock has a market cap of $28.50 billion, a price-to-earnings ratio of 109.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. The firm has a 50 day simple moving average of $18.66 and a 200-day simple moving average of $21.82.

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

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.225 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Wednesday, May 14th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 692.31%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on OWL shares. Piper Sandler lowered 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. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Evercore ISI lifted their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Citigroup cut their price target on shares of Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, UBS Group dropped their target price on Blue Owl Capital from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.56.

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.