76,225 Shares in Blue Owl Capital Inc. (NYSE:OWL) Purchased by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 76,225 shares of the company’s stock, valued at approximately $1,773,000.

Several other hedge funds have also made changes to their positions in OWL. Kovitz Investment Group Partners LLC grew its holdings in shares of 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 purchasing an additional 443 shares during the period. Miracle Mile Advisors LLC lifted its position in Blue Owl Capital by 4.1% in the fourth 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 during the last quarter. King Luther Capital Management Corp boosted its stake in Blue Owl Capital by 0.6% during the third 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 period. Apollon Wealth Management LLC increased its position in shares of Blue Owl Capital by 1.1% during the third quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock valued at $1,009,000 after acquiring an additional 565 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Blue Owl Capital by 0.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock valued at $1,851,000 after acquiring an additional 575 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 0.9 %

Shares of OWL stock opened at $26.05 on Monday. The company has a market cap of $38.91 billion, a P/E ratio of 153.24, a PEG ratio of 1.39 and a beta of 1.14. The firm has a fifty day moving average price of $23.98 and a 200 day moving average price of $21.26. Blue Owl Capital Inc. has a 12 month low of $15.18 and a 12 month high of $26.73.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting 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 company had revenue of $600.88 million for the quarter, compared to analysts’ expectations of $565.93 million. During the same quarter last year, the company earned $0.16 earnings per share. On average, equities analysts forecast that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Wall Street Analysts Forecast Growth

OWL has been the subject of several research analyst reports. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and raised their price target for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. The Goldman Sachs Group cut Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $24.75 in a report on Monday, January 6th. UBS Group lifted their target price on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Oppenheimer increased their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $25.85.

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.