31,530 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 31,530 shares of the company’s stock, valued at approximately $733,000.

Other institutional investors have also recently made changes to their positions in the company. Capital World Investors raised its holdings 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 worth $1,794,943,000 after buying an additional 9,794,102 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Blue Owl Capital by 11.7% in the 4th 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 last quarter. FMR LLC raised its holdings in shares of Blue Owl Capital by 28.1% in the 4th quarter. FMR LLC now owns 45,241,160 shares of the company’s stock worth $1,052,309,000 after acquiring an additional 9,917,071 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Blue Owl Capital by 2.4% in the 4th quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company’s stock valued at $215,131,000 after acquiring an additional 218,586 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Blue Owl Capital by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company’s stock worth $196,060,000 after purchasing an additional 274,094 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Piper Sandler dropped their target price 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. 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 report on Tuesday, April 8th. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the company an “outperform” rating in a report on Wednesday, April 16th. Citigroup dropped their price target 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. Finally, Cfra Research raised shares of Blue Owl Capital to a “moderate buy” rating in a research report on Thursday, March 27th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average target price of $23.79.

Blue Owl Capital Stock Down 0.8 %

NYSE OWL opened at $18.60 on Wednesday. The company’s 50 day moving average is $19.14 and its 200-day moving average is $22.08. The firm has a market cap of $28.60 billion, a P/E ratio of 109.42, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73.

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

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.87%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.53%.

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.