Proficio Capital Partners LLC Makes New $487,000 Investment in Blue Owl Capital Inc. (NYSE:OWL)

Proficio Capital Partners LLC purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,957 shares of the company’s stock, valued at approximately $487,000.

Other large investors have also recently made changes to their positions in the company. US Bancorp DE grew its holdings in shares of Blue Owl Capital by 49.0% in the third quarter. US Bancorp DE now owns 13,336 shares of the company’s stock worth $258,000 after purchasing an additional 4,387 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Blue Owl Capital in the third quarter worth approximately $271,000. SpiderRock Advisors LLC grew its holdings in shares of Blue Owl Capital by 2.3% in the third quarter. SpiderRock Advisors LLC now owns 30,630 shares of the company’s stock worth $593,000 after purchasing an additional 701 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Blue Owl Capital by 16.9% in the third quarter. Verdence Capital Advisors LLC now owns 114,901 shares of the company’s stock worth $2,224,000 after purchasing an additional 16,571 shares during the last quarter. Finally, Atria Investments Inc boosted its holdings in Blue Owl Capital by 48.2% in the third quarter. Atria Investments Inc now owns 16,222 shares of the company’s stock valued at $314,000 after acquiring an additional 5,275 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL opened at $19.49 on Monday. Blue Owl Capital Inc. has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The firm has a market cap of $29.96 billion, a price-to-earnings ratio of 114.62, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. The business has a 50-day simple moving average of $23.40 and a two-hundred day simple moving average of $22.07.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data 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 return on equity of 20.82% and a net margin of 4.77%. As a group, research analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.70%. Blue Owl Capital’s payout ratio is 423.53%.

Analyst Ratings Changes

OWL has been the topic of several recent analyst reports. Wells Fargo & Company cut their price target on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Piper Sandler boosted their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company 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 research report on Friday, January 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $32.00 price target (up previously from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Finally, Oppenheimer lifted their price target on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.48.

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.