International Assets Investment Management LLC Invests $1.69 Million in Blue Owl Capital Inc. (NYSE:OWL)

International Assets Investment Management LLC acquired a new position in Blue Owl Capital Inc. (NYSE:OWL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,324 shares of the company’s stock, valued at approximately $1,690,000.

A number of other hedge funds have also recently made changes to their positions in OWL. Headlands Technologies LLC bought a new position in shares of Blue Owl Capital in the third quarter worth about $27,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Blue Owl Capital in the fourth quarter worth about $32,000. Quantbot Technologies LP bought a new position in shares of Blue Owl Capital in the first quarter worth about $33,000. Private Trust Co. NA bought a new position in shares of Blue Owl Capital in the third quarter worth about $40,000. Finally, Salem Investment Counselors Inc. boosted its stake in shares of Blue Owl Capital by 58.0% in the fourth 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. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of OWL stock opened at $18.26 on Friday. Blue Owl Capital Inc. has a 1 year low of $9.70 and a 1 year high of $19.87. The stock’s 50 day simple moving average is $18.18 and its two-hundred day simple moving average is $15.53. The company has a market cap of $26.09 billion, a PE ratio of 182.62, a price-to-earnings-growth ratio of 1.19 and a beta of 1.27.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Blue Owl Capital had a return on equity of 17.31% and a net margin of 3.14%. The business had revenue of $494.04 million for the quarter, compared to the consensus estimate of $438.77 million. During the same period in the prior year, the business posted $0.15 earnings per share. Equities research analysts expect that Blue Owl Capital Inc. will post 0.84 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 23rd were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.56 annualized dividend and a dividend yield of 3.07%. Blue Owl Capital’s payout ratio is 560.06%.

Insider Transactions at Blue Owl Capital

In other news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is available through this hyperlink. Company insiders own 33.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JMP Securities reissued a “market outperform” rating and set a $24.00 price target on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Evercore ISI increased their price target on Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. TD Cowen assumed coverage on Blue Owl Capital in a research note on Thursday, January 4th. They set an “outperform” rating and a $17.00 price target for the company. The Goldman Sachs Group increased their price target on Blue Owl Capital from $17.75 to $20.25 and gave the company a “buy” rating in a research note on Monday, February 12th. Finally, UBS Group raised Blue Owl Capital from a “neutral” rating to a “buy” rating and increased their price target for the company from $18.00 to $22.00 in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average price target of $19.48.

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.