Rhumbline Advisers Grows Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Rhumbline Advisers lifted its stake in Blue Owl Capital Inc. (NYSE:OWL) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 599,337 shares of the company’s stock after purchasing an additional 23,952 shares during the period. Rhumbline Advisers’ holdings in Blue Owl Capital were worth $13,941,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC lifted its holdings in Blue Owl Capital by 1.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock worth $622,000 after buying an additional 443 shares during the last quarter. Miracle Mile Advisors LLC lifted its holdings in Blue Owl Capital by 4.1% during the 4th quarter. Miracle Mile Advisors LLC now owns 12,289 shares of the company’s stock worth $286,000 after buying an additional 479 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in Blue Owl Capital by 0.6% during the 3rd quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock worth $1,547,000 after buying an additional 485 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in Blue Owl Capital by 1.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock worth $1,009,000 after buying an additional 565 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Blue Owl Capital by 0.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock worth $1,851,000 after buying an additional 575 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Piper Sandler lifted their price target on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Evercore ISI lifted their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft lifted their target price on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup reiterated a “buy” rating and set a $30.00 target price on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their target price on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average target price of $26.27.

Blue Owl Capital Stock Down 4.4 %

Shares of OWL stock opened at $22.08 on Friday. The stock has a market capitalization of $32.97 billion, a PE ratio of 129.87, a price-to-earnings-growth ratio of 1.23 and a beta of 1.15. Blue Owl Capital Inc. has a 52-week low of $15.18 and a 52-week high of $26.73. The stock’s 50-day moving average price is $24.01 and its 200 day moving average price is $21.80.

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

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is presently 423.55%.

About Blue Owl Capital

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.