Arrow Capital Pty Ltd Makes New Investment in Blue Owl Capital Inc. (NYSE:OWL)

Arrow Capital Pty Ltd purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 130,000 shares of the company’s stock, valued at approximately $3,024,000. Blue Owl Capital accounts for 2.8% of Arrow Capital Pty Ltd’s investment portfolio, making the stock its 16th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Blue Owl Capital by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock valued at $1,237,581,000 after buying an additional 5,558,868 shares during the period. FMR LLC boosted its stake in Blue Owl Capital by 28.1% during the 4th quarter. FMR LLC now owns 45,241,160 shares of the company’s stock worth $1,052,309,000 after acquiring an additional 9,917,071 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Blue Owl Capital by 2.4% in the fourth quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company’s stock valued at $215,131,000 after purchasing an additional 218,586 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Blue Owl Capital by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company’s stock worth $196,060,000 after purchasing an additional 274,094 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Blue Owl Capital by 17.8% during the fourth quarter. Invesco Ltd. now owns 7,595,091 shares of the company’s stock worth $176,662,000 after purchasing an additional 1,145,886 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Trading Down 2.7 %

Shares of Blue Owl Capital stock opened at $17.11 on Thursday. The company has a market cap of $26.31 billion, a PE ratio of 100.65, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The company has a 50 day moving average of $20.20 and a 200-day moving average of $22.22. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73.

Blue Owl Capital (NYSE:OWL) last announced its quarterly 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%. Research analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 4.21%. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Wall Street Analyst Weigh In

Several brokerages recently commented on OWL. Keefe, Bruyette & Woods raised 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. The Goldman Sachs Group cut 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 lowered their price objective on shares of Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Barclays cut their price objective on shares of Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Finally, TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus price target of $23.79.

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.