Oliver Luxxe Assets LLC Purchases 1,462 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Oliver Luxxe Assets LLC increased its position in Blue Owl Capital Inc. (NYSE:OWL) by 2.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 61,086 shares of the company’s stock after buying an additional 1,462 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Blue Owl Capital were worth $1,152,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. bought a new position in shares of Blue Owl Capital during the 4th quarter valued at about $26,000. Salem Investment Counselors Inc. lifted its stake in 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 purchasing an additional 1,159 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Blue Owl Capital in the fourth quarter worth about $89,000. Private Trust Co. NA lifted its stake in Blue Owl Capital by 112.8% in the fourth quarter. Private Trust Co. NA now owns 6,570 shares of the company’s stock worth $98,000 after purchasing an additional 3,483 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Blue Owl Capital by 26.8% in the fourth quarter. Signaturefd LLC now owns 7,473 shares of the company’s stock worth $111,000 after purchasing an additional 1,580 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group raised shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and raised their target price for the stock from $18.00 to $22.00 in a research report on Tuesday, April 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $23.00 target price on shares of Blue Owl Capital in a research report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $21.00 target price on shares of Blue Owl Capital in a research report on Monday, June 10th. Citigroup reaffirmed a “buy” rating and set a $21.00 target price on shares of Blue Owl Capital in a research report on Tuesday, May 14th. Finally, TD Cowen reduced their target price on shares of Blue Owl Capital from $23.00 to $21.50 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.27.

Blue Owl Capital Trading Down 0.1 %

Shares of NYSE:OWL traded down $0.02 on Monday, hitting $17.73. 1,467,806 shares of the company were exchanged, compared to its average volume of 5,180,762. Blue Owl Capital Inc. has a 1-year low of $10.64 and a 1-year high of $19.87. The stock’s 50 day moving average price is $18.22 and its 200 day moving average price is $17.31. The firm has a market capitalization of $25.33 billion, a P/E ratio of 147.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $486.55 million during the quarter, compared to the consensus estimate of $478.47 million. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.15%. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.82 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Tuesday, May 21st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, May 20th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 4.06%. Blue Owl Capital’s payout ratio is currently 600.00%.

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.