Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by Freedom Day Solutions LLC

Freedom Day Solutions LLC raised its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 18.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,640 shares of the company’s stock after acquiring an additional 16,115 shares during the period. Freedom Day Solutions LLC’s holdings in Blue Owl Capital were worth $2,387,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. FMR LLC raised its holdings in Blue Owl Capital by 29.9% in the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after acquiring an additional 8,138,475 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after acquiring an additional 1,372,865 shares during the last quarter. State Street Corp raised its holdings in Blue Owl Capital by 5.6% in the 3rd quarter. State Street Corp now owns 8,452,073 shares of the company’s stock valued at $163,632,000 after acquiring an additional 449,066 shares during the last quarter. Geode Capital Management LLC raised its holdings in Blue Owl Capital by 14.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after acquiring an additional 1,016,505 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings in Blue Owl Capital by 4.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock valued at $130,415,000 after acquiring an additional 293,221 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Down 0.6 %

Shares of OWL stock opened at $24.00 on Thursday. 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 $35.84 billion, a PE ratio of 141.16, a P/E/G ratio of 1.27 and a beta of 1.15. The firm has a 50 day moving average of $24.09 and a two-hundred day moving average of $21.71.

Blue Owl Capital (NYSE:OWL) last issued 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 net margin of 4.77% and a return on equity of 20.82%. Analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be given a $0.18 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.00%. Blue Owl Capital’s dividend payout ratio is presently 423.55%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD Cowen upgraded shares of 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 report on Thursday, January 16th. Oppenheimer raised their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Wells Fargo & Company cut their price target on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and set a $32.00 price target (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Finally, Evercore ISI raised their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.27.

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.