Townsquare Capital LLC Acquires 5,763 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Townsquare Capital LLC increased its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 43.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,169 shares of the company’s stock after purchasing an additional 5,763 shares during the period. Townsquare Capital LLC’s holdings in Blue Owl Capital were worth $446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company’s stock worth $1,052,309,000 after buying an additional 9,917,071 shares in the last quarter. Norges Bank purchased a new stake in Blue Owl Capital in the 4th quarter worth $137,118,000. Vanguard Group Inc. boosted its holdings in shares of Blue Owl Capital by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock valued at $1,237,581,000 after purchasing an additional 5,558,868 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after purchasing an additional 1,372,865 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Blue Owl Capital by 23.8% in the fourth quarter. Federated Hermes Inc. now owns 6,876,700 shares of the company’s stock worth $159,952,000 after purchasing an additional 1,322,800 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Trading Up 2.0 %

NYSE:OWL opened at $17.44 on Monday. The stock has a fifty day simple moving average of $19.95 and a 200-day simple moving average of $22.23. The company has a market cap of $26.81 billion, a price-to-earnings ratio of 102.56, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, equities research analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is 423.53%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on OWL shares. Citigroup cut their price target on Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Cfra Research upgraded shares of Blue Owl Capital to a “moderate buy” rating in a research report on Thursday, March 27th. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $24.75 in a research report on Monday, January 6th. JMP Securities reduced their target price on shares of Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their price target on shares of Blue Owl Capital from $22.00 to $19.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.79.

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.