Avalon Trust Co Buys Shares of 779,350 Blue Owl Capital Inc. (NYSE:OWL)

Avalon Trust Co bought a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 779,350 shares of the company’s stock, valued at approximately $18,128,000. Blue Owl Capital makes up approximately 1.3% of Avalon Trust Co’s investment portfolio, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OWL. FMR LLC grew its stake in Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after purchasing an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Blue Owl Capital by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after purchasing an additional 1,372,865 shares in the last quarter. Geode Capital Management LLC grew its stake in Blue Owl Capital by 14.2% in the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after purchasing an additional 1,016,505 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Blue Owl Capital in the fourth quarter valued at about $23,513,000. Finally, HighTower Advisors LLC grew its stake in Blue Owl Capital by 29.1% in the third quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company’s stock valued at $69,690,000 after purchasing an additional 811,334 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

NYSE OWL opened at $19.24 on Friday. Blue Owl Capital Inc. has a twelve month low of $15.18 and a twelve month high of $26.73. The stock has a market capitalization of $29.58 billion, a PE ratio of 113.15, a P/E/G ratio of 1.23 and a beta of 1.19. The stock has a 50-day simple moving average of $22.93 and a 200 day simple moving average of $22.09.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.21 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%. As a group, equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.74%. Blue Owl Capital’s dividend payout ratio (DPR) is 423.53%.

Wall Street Analysts Forecast Growth

OWL has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. 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. Evercore ISI boosted 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. Finally, Oppenheimer boosted 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 equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.48.

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.