Raymond James Financial Services Advisors Inc. Makes New Investment in Blue Owl Capital Inc. (NYSE:OWL)

Raymond James Financial Services Advisors Inc. acquired a new position in Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,675 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Treasurer of the State of North Carolina grew its holdings in Blue Owl Capital by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 196,246 shares of the company’s stock worth $2,543,000 after purchasing an additional 990 shares during the period. Salem Investment Counselors Inc. grew its holdings in shares of Blue Owl Capital by 58.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after buying an additional 1,159 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Blue Owl Capital by 25.9% during the third quarter. Signaturefd LLC now owns 5,893 shares of the company’s stock valued at $76,000 after buying an additional 1,214 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Blue Owl Capital by 1.4% during the third quarter. Arizona State Retirement System now owns 101,563 shares of the company’s stock valued at $1,316,000 after buying an additional 1,445 shares during the last quarter. Finally, Capital Insight Partners LLC grew its holdings in shares of Blue Owl Capital by 10.8% during the third quarter. Capital Insight Partners LLC now owns 20,086 shares of the company’s stock valued at $260,000 after buying an additional 1,956 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analyst Ratings Changes

OWL has been the topic of a number of recent analyst reports. 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. TD Cowen initiated coverage on shares of Blue Owl Capital in a report on Thursday, January 4th. They set an “outperform” rating and a $17.00 price target on the stock. Evercore ISI increased their price target on shares of Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. The Goldman Sachs Group increased their price target on shares of Blue Owl Capital from $17.75 to $20.25 and gave the company a “buy” rating in a report on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.48.

Insiders Place Their Bets

In other Blue Owl Capital 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 shares were sold at an average price of $15.81, for a total value of $71,145,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 33.39% of the company’s stock.

Blue Owl Capital Stock Up 0.4 %

Shares of Blue Owl Capital stock opened at $18.78 on Thursday. The company has a market cap of $26.83 billion, a price-to-earnings ratio of 187.82, a price-to-earnings-growth ratio of 1.19 and a beta of 1.27. The company’s 50 day moving average is $18.23 and its 200 day moving average is $15.64. Blue Owl Capital Inc. has a twelve month low of $9.70 and a twelve month high of $19.87.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. The business had revenue of $494.04 million for the quarter, compared to the consensus estimate of $438.77 million. During the same period last year, the firm earned $0.15 earnings per share. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.84 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 23rd were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.56 annualized dividend and a yield of 2.98%. Blue Owl Capital’s payout ratio is presently 560.06%.

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.