Lewis Asset Management LLC Buys Shares of 10,250 Blue Owl Capital Inc. (NYSE:OWL)

Lewis Asset Management LLC purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,250 shares of the company’s stock, valued at approximately $238,000.

Other hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new stake in Blue Owl Capital during the 3rd quarter worth about $32,000. Versant Capital Management Inc lifted its holdings in shares of Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after buying an additional 1,110 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Blue Owl Capital by 182.2% in the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock worth $47,000 after buying an additional 1,310 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Blue Owl Capital in the third quarter valued at approximately $138,000. Finally, Signaturefd LLC grew its stake in Blue Owl Capital by 19.3% during the third quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock valued at $177,000 after acquiring an additional 1,476 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and upped their target price for the stock from $26.00 to $28.00 in a research note on Thursday, January 16th. Finally, Evercore ISI lifted their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.85.

Blue Owl Capital Price Performance

Shares of OWL opened at $25.64 on Thursday. Blue Owl Capital Inc. has a 1 year low of $15.18 and a 1 year high of $26.73. The stock has a 50 day simple moving average of $23.92 and a two-hundred day simple moving average of $21.13. The firm has a market cap of $38.29 billion, a P/E ratio of 150.80, a P/E/G ratio of 1.39 and a beta of 1.14.

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

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.