Sciencast Management LP Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

Sciencast Management LP acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,752 shares of the company’s stock, valued at approximately $808,000.

A number of other hedge funds have also modified their holdings of OWL. FMR LLC boosted its stake in shares of Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after buying an additional 8,138,475 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Blue Owl Capital by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after buying an additional 1,372,865 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Blue Owl Capital by 14.2% in the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock worth $157,870,000 after buying an additional 1,016,505 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth about $23,513,000. Finally, HighTower Advisors LLC boosted its stake in shares of Blue Owl Capital by 29.1% in the third quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company’s stock worth $69,690,000 after buying an additional 811,334 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $20.69 on Friday. The business has a 50 day simple moving average of $22.67 and a two-hundred day simple moving average of $22.19. Blue Owl Capital Inc. has a 12 month low of $15.18 and a 12 month high of $26.73. The stock has a market capitalization of $31.81 billion, a P/E ratio of 121.68, a PEG ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, research analysts anticipate 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. Investors of record on Wednesday, February 19th were issued a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.48%. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Analyst Ratings Changes

A number of analysts have recently commented on OWL shares. The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Citigroup reiterated a “buy” rating and set a $30.00 price target on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Evercore ISI increased their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Keefe, Bruyette & Woods increased their price target on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Finally, Piper Sandler increased their price target on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.33.

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.