Handelsbanken Fonder AB Purchases 27,900 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Handelsbanken Fonder AB grew its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 50.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 83,100 shares of the company’s stock after buying an additional 27,900 shares during the period. Handelsbanken Fonder AB’s holdings in Blue Owl Capital were worth $1,238,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Westfield Capital Management Co. LP bought a new position in shares of Blue Owl Capital in the third quarter worth about $59,997,000. Oregon Public Employees Retirement Fund purchased a new stake in Blue Owl Capital in the 3rd quarter valued at about $51,840,000. Advent International L.P. bought a new position in Blue Owl Capital in the 3rd quarter worth about $30,780,000. Charles Schwab Investment Management Inc. increased its position in shares of Blue Owl Capital by 68.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,520,506 shares of the company’s stock worth $45,626,000 after acquiring an additional 1,435,837 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Blue Owl Capital by 3.3% during the third quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company’s stock worth $520,983,000 after acquiring an additional 1,293,941 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OWL has been the topic of a number of research reports. Piper Sandler raised their target price on shares of Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Evercore ISI boosted 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. TD Cowen initiated coverage on shares of Blue Owl Capital in a research note on Thursday, January 4th. They set an “outperform” rating and a $17.00 price objective on the stock. Finally, UBS Group raised shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $18.00 to $22.00 in a report on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.48.

Blue Owl Capital Stock Performance

OWL opened at $18.79 on Monday. The stock has a market capitalization of $26.85 billion, a PE ratio of 187.92, a P/E/G ratio of 1.22 and a beta of 1.27. Blue Owl Capital Inc. has a one year low of $9.70 and a one year high of $19.87. The business’s 50 day moving average price is $18.26 and its 200 day moving average price is $15.72.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $494.04 million during the quarter, compared to analysts’ expectations 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 period last year, the business earned $0.15 earnings per share. As a group, equities research analysts forecast that Blue Owl Capital Inc. will post 0.84 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, February 23rd were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Thursday, February 22nd. Blue Owl Capital’s dividend payout ratio (DPR) is currently 560.06%.

Blue Owl Capital 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.