Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 56.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,348 shares of the company’s stock after purchasing an additional 55,451 shares during the period. Edgestream Partners L.P.’s holdings in Blue Owl Capital were worth $3,590,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of OWL. Allworth Financial LP boosted its stake in shares of Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after purchasing an additional 428 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after acquiring an additional 1,315 shares during the last quarter. Versant Capital Management Inc boosted its position 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 acquiring an additional 1,110 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after acquiring an additional 450 shares during the last quarter. Finally, Blue Trust Inc. boosted its position 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 acquiring an additional 1,310 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OWL. Wells Fargo & Company decreased their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and issued a $32.00 target price (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Evercore ISI raised their target price 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. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Finally, Citigroup reissued a “buy” rating and issued a $30.00 target price on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.48.

Blue Owl Capital Stock Up 0.6 %

OWL opened at $19.49 on Friday. The firm has a market capitalization of $29.96 billion, a P/E ratio of 114.62, a P/E/G ratio of 1.23 and a beta of 1.19. The firm’s 50 day moving average is $23.40 and its 200-day moving average is $22.04. Blue Owl Capital Inc. has a 52-week low of $15.18 and a 52-week high of $26.73.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Equities analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.70%. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

Blue Owl Capital 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.