Oak Thistle LLC Raises Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Oak Thistle LLC increased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 474.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 94,672 shares of the company’s stock after acquiring an additional 78,196 shares during the period. Blue Owl Capital comprises 0.7% of Oak Thistle LLC’s portfolio, making the stock its 17th biggest position. Oak Thistle LLC’s holdings in Blue Owl Capital were worth $2,202,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Capital CS Group LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at $620,000. 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 valued at $286,000 after buying an additional 479 shares in the last quarter. Wedmont Private Capital purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $204,000. Versant Capital Management Inc grew its stake in Blue Owl Capital by 136.2% in the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after acquiring an additional 1,110 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after acquiring an additional 1,372,865 shares during the period. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Up 0.7 %

NYSE OWL opened at $22.51 on Wednesday. Blue Owl Capital Inc. has a 52 week low of $14.42 and a 52 week high of $25.03. The company has a 50 day moving average price of $23.49 and a 200 day moving average price of $20.58. The firm has a market cap of $33.62 billion, a PE ratio of 132.42, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same period in the prior year, the firm posted $0.16 earnings per share. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.53%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OWL. Evercore ISI increased their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Wells Fargo & Company dropped their price target on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Piper Sandler lifted their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. JMP Securities reiterated a “market outperform” rating and set a $27.00 target price on shares of Blue Owl Capital in a report on Wednesday, December 4th. Finally, Oppenheimer boosted their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.02.

Blue Owl Capital 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.