Exchange Traded Concepts LLC Invests $2.92 Million in Blue Owl Capital Inc. (NYSE:OWL)

Exchange Traded Concepts LLC purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 125,703 shares of the company’s stock, valued at approximately $2,924,000.

Other large investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC grew its holdings in shares of Blue Owl Capital by 1.4% in 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 last quarter. Miracle Mile Advisors LLC grew its stake in Blue Owl Capital by 4.1% during the fourth quarter. Miracle Mile Advisors LLC now owns 12,289 shares of the company’s stock worth $286,000 after buying an additional 479 shares during the last quarter. King Luther Capital Management Corp grew 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 last quarter. Apollon Wealth Management LLC increased its holdings 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 worth $1,009,000 after buying an additional 565 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Blue Owl Capital by 0.6% in the third 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 last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $26.68 on Friday. Blue Owl Capital Inc. has a 52 week low of $15.18 and a 52 week high of $26.73. The stock has a market capitalization of $39.85 billion, a price-to-earnings ratio of 156.97, a PEG ratio of 1.39 and a beta of 1.14. The firm has a fifty day moving average of $23.79 and a two-hundred day moving average of $20.96.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $600.88 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $0.16 earnings per share. As a group, research analysts forecast that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.70%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s payout ratio is 423.55%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OWL. Wells Fargo & Company cut their price objective 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. Deutsche Bank Aktiengesellschaft raised their target price on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Evercore ISI upped their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. UBS Group increased their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Citigroup reaffirmed a “buy” rating and issued a $30.00 target price on shares of Blue Owl Capital in a research note on Thursday. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.