Claris Advisors LLC MO Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

Claris Advisors LLC MO acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,000 shares of the company’s stock, valued at approximately $256,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OWL. Global Retirement Partners LLC boosted its position in shares of Blue Owl Capital by 1.6% in the fourth quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock worth $593,000 after purchasing an additional 413 shares during the period. Dynasty Wealth Management LLC lifted its stake in shares of Blue Owl Capital by 0.5% during the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company’s stock valued at $1,828,000 after buying an additional 417 shares in the last quarter. Allworth Financial LP boosted its holdings in Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after buying an additional 428 shares during the period. Kovitz Investment Group Partners LLC increased its stake in Blue Owl Capital by 1.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock worth $622,000 after buying an additional 443 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after acquiring an additional 450 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Down 4.4 %

Shares of NYSE OWL opened at $18.58 on Tuesday. The stock has a market capitalization of $28.57 billion, a price-to-earnings ratio of 109.27, a P/E/G ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The firm’s 50-day moving average price is $23.30 and its 200-day moving average price is $22.08.

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

Blue Owl Capital Dividend Announcement

The business also recently announced 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

Wall Street Analyst Weigh In

OWL has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price objective on 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. JMP Securities restated a “market outperform” rating and issued a $32.00 price target (up from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $24.75 in a research report on Monday, January 6th. Wells Fargo & Company lowered 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 report on Tuesday, January 14th. Finally, Evercore ISI raised their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.