Versant Capital Management Inc Boosts Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Versant Capital Management Inc increased its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 136.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,925 shares of the company’s stock after buying an additional 1,110 shares during the period. Versant Capital Management Inc’s holdings in Blue Owl Capital were worth $45,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in shares of Blue Owl Capital during the 3rd quarter worth about $32,000. Wilmington Savings Fund Society FSB purchased a new position in Blue Owl Capital during the third quarter worth approximately $138,000. Signaturefd LLC boosted its position in Blue Owl Capital by 19.3% during the third quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock worth $177,000 after purchasing an additional 1,476 shares in the last quarter. Chiron Investment Management LLC purchased a new stake in shares of Blue Owl Capital in the third quarter valued at approximately $196,000. Finally, One Wealth Advisors LLC acquired a new position in shares of Blue Owl Capital during the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on OWL. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Evercore ISI upped their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. The Goldman Sachs Group lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $25.00 to $24.75 in a research note on Monday. Finally, Wells Fargo & Company raised their target price on Blue Owl Capital from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.10.

Blue Owl Capital Stock Performance

NYSE OWL opened at $23.50 on Tuesday. Blue Owl Capital Inc. has a fifty-two week low of $14.42 and a fifty-two week high of $25.03. The firm has a market capitalization of $35.10 billion, a P/E ratio of 138.24, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. The stock’s fifty day moving average is $23.40 and its two-hundred day moving average is $20.36.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The firm had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. As a group, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s payout ratio is presently 423.53%.

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.