MetLife Investment Management LLC raised its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL – Get Rating) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,791 shares of the company’s stock after purchasing an additional 808 shares during the period. MetLife Investment Management LLC’s holdings in Blue Owl Capital were worth $238,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in OWL. Envestnet Asset Management Inc. bought a new stake in Blue Owl Capital during the first quarter valued at $152,000. JPMorgan Chase & Co. boosted its holdings in shares of Blue Owl Capital by 168.4% during the first quarter. JPMorgan Chase & Co. now owns 407,381 shares of the company’s stock valued at $5,166,000 after acquiring an additional 255,594 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Blue Owl Capital by 8.2% during the first quarter. Bank of New York Mellon Corp now owns 780,428 shares of the company’s stock valued at $9,895,000 after acquiring an additional 59,124 shares during the period. AlphaCrest Capital Management LLC acquired a new position in shares of Blue Owl Capital during the first quarter valued at $131,000. Finally, Clearbridge Investments LLC acquired a new position in shares of Blue Owl Capital during the first quarter valued at $31,838,000. Institutional investors own 29.68% of the company’s stock.
Blue Owl Capital Trading Up 2.9 %
Shares of NYSE OWL opened at $12.60 on Friday. Blue Owl Capital Inc. has a twelve month low of $8.06 and a twelve month high of $14.70. The company has a market capitalization of $17.73 billion, a price-to-earnings ratio of -420.00, a PEG ratio of 0.41 and a beta of 1.31. The firm has a 50-day moving average of $12.24 and a two-hundred day moving average of $11.25.
Blue Owl Capital Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 6th. Shareholders of record on Friday, February 24th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.13%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, February 23rd. Blue Owl Capital’s dividend payout ratio is presently -1,733.33%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on OWL. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Blue Owl Capital from $16.00 to $17.00 in a report on Tuesday, November 8th. The Goldman Sachs Group boosted their price target on shares of Blue Owl Capital from $15.00 to $16.75 and gave the company a “buy” rating in a report on Tuesday, February 14th. JMP Securities upped their price objective on shares of Blue Owl Capital from $17.00 to $19.00 and gave the stock a “market perform” rating in a report on Tuesday, February 14th. Keefe, Bruyette & Woods downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating and set a $13.00 price objective for the company. in a report on Monday, January 2nd. Finally, Credit Suisse Group set a $11.50 price objective on shares of Blue Owl Capital in a report on Wednesday, November 23rd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.18.
Blue Owl Capital Profile
Blue Owl Capital Inc operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases.
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