Mirae Asset Global Investments Co. Ltd. Acquires 22,633 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 142.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 38,506 shares of the company’s stock after buying an additional 22,633 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Blue Owl Capital were worth $574,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in Blue Owl Capital during the third quarter valued at $27,000. Private Trust Co. NA purchased a new stake in shares of Blue Owl Capital in the third quarter valued at $40,000. Salem Investment Counselors Inc. raised 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 valued at $47,000 after acquiring an additional 1,159 shares during the period. Clearstead Advisors LLC purchased a new stake in shares of Blue Owl Capital in the third quarter valued at $49,000. Finally, Loomis Sayles & Co. L P raised its stake in shares of Blue Owl Capital by 1,570.2% in the third quarter. Loomis Sayles & Co. L P now owns 4,877 shares of the company’s stock valued at $63,000 after acquiring an additional 4,585 shares during the period. Institutional investors own 35.85% of the company’s stock.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $15.81, for a total transaction of $71,145,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 33.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. TD Cowen assumed coverage on shares of Blue Owl Capital in a research note on Thursday, January 4th. They issued an “outperform” rating and a $17.00 target price on the stock. The Goldman Sachs Group increased their target price on shares of Blue Owl Capital from $17.75 to $20.25 and gave the company a “buy” rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. UBS Group raised shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and increased their target price for the company from $18.00 to $22.00 in a research note on Tuesday, April 2nd. Finally, Piper Sandler increased their target price on shares of Blue Owl Capital from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.48.

Blue Owl Capital Price Performance

OWL stock opened at $18.57 on Friday. The company has a market capitalization of $26.53 billion, a PE ratio of 185.72, a P/E/G ratio of 1.21 and a beta of 1.27. Blue Owl Capital Inc. has a 12 month low of $9.70 and a 12 month high of $19.87. The firm’s 50-day moving average is $18.24 and its 200 day moving average is $15.66.

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

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 23rd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Thursday, February 22nd. Blue Owl Capital’s dividend payout ratio (DPR) is 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.