Leeward Financial Partners LLC Makes New $205,000 Investment in Blue Owl Capital Inc. (NYSE:OWL)

Leeward Financial Partners LLC purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,862 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Blue Owl Capital by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 40,480,663 shares of the company’s stock worth $603,162,000 after purchasing an additional 281,324 shares during the period. Capital International Investors increased its position in shares of Blue Owl Capital by 12.0% in the fourth quarter. Capital International Investors now owns 33,177,641 shares of the company’s stock worth $494,347,000 after purchasing an additional 3,565,657 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Blue Owl Capital by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,694 shares of the company’s stock worth $53,948,000 after purchasing an additional 100,188 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Blue Owl Capital in the fourth quarter worth $46,030,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Blue Owl Capital in the first quarter valued at about $48,517,000. Institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

OWL has been the topic of several research reports. TD Cowen decreased their price target on shares of Blue Owl Capital from $23.00 to $21.50 and set a “buy” rating on the stock in a report on Friday, May 3rd. 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $21.00 price objective on shares of Blue Owl Capital in a report on Monday, June 10th. Citigroup reaffirmed a “buy” rating and issued a $21.00 target price on shares of Blue Owl Capital in a report on Tuesday, May 14th. Finally, Piper Sandler reissued an “overweight” rating and set a $23.00 price target on shares of Blue Owl Capital in a research note on Friday, June 28th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.27.

Blue Owl Capital Trading Up 0.9 %

NYSE:OWL traded up $0.16 during mid-day trading on Wednesday, hitting $17.70. 1,686,758 shares of the company’s stock were exchanged, compared to its average volume of 5,165,684. The company has a 50 day simple moving average of $18.19 and a 200-day simple moving average of $17.36. Blue Owl Capital Inc. has a fifty-two week low of $10.64 and a fifty-two week high of $19.87. The firm has a market capitalization of $25.29 billion, a P/E ratio of 146.08, a PEG ratio of 1.08 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $486.55 million for 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%. As a group, analysts expect that Blue Owl Capital Inc. will post 0.82 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.07%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14. Blue Owl Capital’s payout ratio is 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.