Cerity Partners LLC Acquires Shares of 171,895 Blue Owl Capital Inc. (NYSE:OWL)

Cerity Partners LLC acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, Holdings Channel reports. The fund acquired 171,895 shares of the company’s stock, valued at approximately $2,561,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OWL. Headlands Technologies LLC purchased a new position in shares of Blue Owl Capital during the 3rd quarter worth $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Blue Owl Capital during the 4th quarter worth $32,000. Quantbot Technologies LP purchased a new position in shares of Blue Owl Capital during the 1st quarter worth $33,000. Private Trust Co. NA purchased a new position in shares of Blue Owl Capital during the 3rd quarter worth $40,000. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Blue Owl Capital by 58.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock worth $47,000 after acquiring an additional 1,159 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

NYSE OWL opened at $18.37 on Friday. The company has a market cap of $26.25 billion, a P/E ratio of 183.72, a P/E/G ratio of 1.19 and a beta of 1.27. The stock has a 50-day moving average of $18.16 and a two-hundred day moving average of $15.47. Blue Owl Capital Inc. has a 1-year low of $9.70 and a 1-year high of $19.87.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $494.04 million during the quarter, compared to the consensus estimate of $438.77 million. Blue Owl Capital had a return on equity of 17.31% and a net margin of 3.14%. During the same period in the previous year, the company posted $0.15 EPS. On average, analysts anticipate that Blue Owl Capital Inc. will post 0.84 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 23rd were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Thursday, February 22nd. Blue Owl Capital’s payout ratio is presently 560.06%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OWL. JMP Securities reiterated a “market outperform” rating and set a $24.00 price target on shares of Blue Owl Capital in a report on Tuesday, April 9th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $19.00 price objective on shares of Blue Owl Capital in a research report on Thursday, April 4th. Evercore ISI raised their price objective on Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Piper Sandler raised their price objective on Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, The Goldman Sachs Group raised their price objective on Blue Owl Capital from $17.75 to $20.25 and gave the stock a “buy” rating in a research report on Monday, February 12th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $19.48.

Insider Activity

In other news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of Blue Owl Capital stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $15.81, for a total value of $71,145,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 33.39% of the company’s stock.

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.