Jupiter Asset Management Ltd. Acquires 330,790 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Jupiter Asset Management Ltd. raised its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 333.4% in the 4th quarter, HoldingsChannel reports. The firm owned 430,001 shares of the company’s stock after purchasing an additional 330,790 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Blue Owl Capital were worth $10,002,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP increased its stake in shares of Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after buying an additional 428 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after purchasing an additional 1,315 shares during the period. Versant Capital Management Inc grew its stake in shares of Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after purchasing an additional 1,110 shares during the period. Principal Securities Inc. grew its stake in shares of Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after purchasing an additional 450 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Blue Owl Capital by 182.2% during the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock worth $47,000 after purchasing an additional 1,310 shares during the period. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 0.7 %

Shares of Blue Owl Capital stock opened at $18.99 on Thursday. The business has a 50-day moving average price of $23.13 and a two-hundred day moving average price of $22.07. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73. The company has a market cap of $29.20 billion, a P/E ratio of 111.69, a PEG ratio of 1.23 and a beta of 1.19.

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

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 yield of 3.79%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. JMP Securities reaffirmed a “market outperform” rating and set a $32.00 price objective (up from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Keefe, Bruyette & Woods boosted their target price on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Piper Sandler boosted their target price on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Evercore ISI boosted their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Finally, Citigroup reissued a “buy” rating and issued a $30.00 target price on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.48.

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.