Argentarii LLC Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

Argentarii LLC 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 (SEC). The firm acquired 36,903 shares of the company’s stock, valued at approximately $858,000.

Other hedge funds have also recently made changes to their positions in the company. Rothschild Investment LLC grew its holdings in shares of Blue Owl Capital by 316.1% during the fourth quarter. Rothschild Investment LLC now owns 33,955 shares of the company’s stock valued at $790,000 after buying an additional 25,795 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after buying an additional 1,372,865 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at about $1,773,000. Westfield Capital Management Co. LP boosted its holdings in Blue Owl Capital by 4.6% during the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock worth $130,415,000 after purchasing an additional 293,221 shares during the last quarter. Finally, Capital CS Group LLC purchased a new position in Blue Owl Capital during the fourth quarter worth about $620,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on OWL shares. Citigroup restated a “buy” rating and set a $30.00 price target on shares of Blue Owl Capital in a report on Thursday, January 23rd. Piper Sandler boosted their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $24.75 in a report on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Finally, Barclays began coverage on shares of Blue Owl Capital in a research report on Monday, February 24th. They issued an “overweight” rating and a $29.00 price objective on the stock. 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 MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.48.

Blue Owl Capital Trading Up 0.6 %

Shares of NYSE:OWL opened at $19.49 on Friday. The company has a 50 day moving average of $23.40 and a 200 day moving average of $22.04. The stock has a market cap 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. Blue Owl Capital Inc. has a 12 month low of $15.18 and a 12 month high of $26.73.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data 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%. On average, equities analysts forecast 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. Investors 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 annualized dividend and a yield of 3.70%. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

About Blue Owl Capital

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.