Oppenheimer & Co. Inc. Has $922,000 Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Oppenheimer & Co. Inc. grew its stake in Blue Owl Capital Inc. (NYSE:OWL) by 27.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 39,649 shares of the company’s stock after buying an additional 8,576 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Blue Owl Capital were worth $922,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in shares of Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after buying an additional 428 shares during the period. Principal Securities Inc. boosted its holdings in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after purchasing an additional 450 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after purchasing an additional 1,110 shares during the last quarter. Blue Trust Inc. boosted its holdings in Blue Owl Capital by 182.2% during the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock worth $47,000 after purchasing an additional 1,310 shares during the last quarter. Finally, Copeland Capital Management LLC acquired a new position in Blue Owl Capital during the fourth quarter worth $103,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on OWL. Oppenheimer increased their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Piper Sandler increased their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. JMP Securities restated a “market outperform” rating and set a $32.00 target price (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Finally, Evercore ISI upped their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Four investment 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 has an average rating of “Moderate Buy” and an average target price of $26.48.

Blue Owl Capital Price Performance

Shares of OWL opened at $20.39 on Thursday. The firm has a market capitalization of $31.36 billion, a PE ratio of 119.96, a PEG ratio of 1.23 and a beta of 1.15. The company’s 50-day moving average is $23.57 and its 200-day moving average is $22.01. Blue Owl Capital Inc. has a fifty-two week low of $15.18 and a fifty-two week high of $26.73.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is 423.53%.

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.