Ethic Inc. Buys New Position in Blue Owl Capital Inc. (NYSE:OWL)

Ethic Inc. purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 42,453 shares of the company’s stock, valued at approximately $987,000.

Other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $27,000. Allworth Financial LP grew its holdings in shares of Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after purchasing an additional 428 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Blue Owl Capital by 232.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after purchasing an additional 1,315 shares in the last quarter. Principal Securities Inc. grew its holdings 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 in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Blue Owl Capital by 182.2% during the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock worth $47,000 after buying an additional 1,310 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 1.6%

Shares of Blue Owl Capital stock opened at $19.96 on Wednesday. The business’s fifty day simple moving average is $18.66 and its 200 day simple moving average is $21.77. The firm has a market capitalization of $30.70 billion, a P/E ratio of 117.42, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. 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 released its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The firm had revenue of $620.19 million during the quarter, compared to analysts’ expectations of $636.44 million. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. Analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a $0.225 dividend. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Wednesday, May 14th. Blue Owl Capital’s dividend payout ratio is currently 692.31%.

Wall Street Analysts Forecast Growth

OWL has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on Blue Owl Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. JMP Securities decreased their price target on Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Piper Sandler decreased their price target on Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $28.00 in a research note on Thursday, January 16th. Finally, Oppenheimer set a $24.00 target price on Blue Owl Capital and gave the stock an “outperform” rating in a research note on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.56.

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.