437,064 Shares in Blue Owl Capital Inc. (NYSE:OWL) Purchased by TCG Advisory Services LLC

TCG Advisory Services LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 437,064 shares of the company’s stock, valued at approximately $6,512,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Blue Owl Capital by 3.3% in the third quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company’s stock valued at $520,983,000 after purchasing an additional 1,293,941 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Blue Owl Capital during the 4th quarter valued at $9,929,000. Exchange Traded Concepts LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter worth $1,944,000. Foster Victor Wealth Advisors LLC increased its position in Blue Owl Capital by 31.1% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 420,675 shares of the company’s stock worth $6,293,000 after buying an additional 99,760 shares in the last quarter. Finally, Advent International L.P. purchased a new position in shares of Blue Owl Capital in the third quarter valued at about $30,780,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE OWL traded down $0.16 during midday trading on Friday, hitting $17.95. 6,892,899 shares of the company’s stock were exchanged, compared to its average volume of 3,820,691. The firm has a market cap of $25.65 billion, a P/E ratio of 149.58, a PEG ratio of 1.16 and a beta of 1.24. Blue Owl Capital Inc. has a twelve month low of $9.70 and a twelve month high of $19.87. The stock’s 50 day moving average price is $18.33 and its 200-day moving average price is $15.91.

Blue Owl Capital (NYSE:OWL) last issued 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. Blue Owl Capital had a return on equity of 18.02% and a net margin of 3.84%. The firm had revenue of $494.04 million for the quarter, compared to the consensus estimate of $438.77 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, analysts expect that Blue Owl Capital Inc. will post 0.84 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Tuesday, May 21st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.01%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, May 20th. Blue Owl Capital’s dividend payout ratio is presently 466.67%.

Wall Street Analysts Forecast Growth

OWL has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Blue Owl Capital from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. JMP Securities restated a “market outperform” rating and issued a $24.00 target price on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Evercore ISI lifted their target price on shares of Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a report on Thursday, April 4th. Finally, TD Cowen decreased 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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus price target of $19.89.

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.