Encompass More Asset Management Increases Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Encompass More Asset Management raised its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 63.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,395 shares of the company’s stock after acquiring an additional 9,478 shares during the quarter. Encompass More Asset Management’s holdings in Blue Owl Capital were worth $567,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in shares of Blue Owl Capital in the 3rd quarter valued at $32,000. Versant Capital Management Inc raised its position in Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after purchasing an additional 1,110 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Blue Owl Capital in the third quarter worth about $138,000. Wedmont Private Capital acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $204,000. Finally, Signaturefd LLC raised its holdings in shares of Blue Owl Capital by 19.3% during the 3rd quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock valued at $177,000 after buying an additional 1,476 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

OWL opened at $26.27 on Friday. Blue Owl Capital Inc. has a 12 month low of $15.18 and a 12 month high of $26.13. The stock’s 50 day moving average price is $23.70 and its 200 day moving average price is $20.86. The stock has a market cap of $39.24 billion, a P/E ratio of 154.70, a P/E/G ratio of 1.39 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $600.88 million for the quarter, compared to analysts’ expectations of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same period in the previous year, the business earned $0.16 earnings per share. Equities analysts anticipate that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is currently 423.55%.

Analyst Ratings Changes

OWL has been the topic of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $27.00 price target on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Piper Sandler upped their target price on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Evercore ISI raised 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. Keefe, Bruyette & Woods boosted their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Finally, Citigroup restated a “buy” rating and issued a $30.00 target price on shares of Blue Owl Capital in a research note on Thursday. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average target price of $25.85.

About Blue Owl Capital

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.