Perfromance Wealth Partners LLC Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

Perfromance Wealth Partners LLC acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 116,964 shares of the company’s stock, valued at approximately $2,721,000.

A number of other institutional investors and hedge funds have also modified their holdings of OWL. Envestnet Asset Management Inc. boosted its stake in Blue Owl Capital by 26.9% in the second quarter. Envestnet Asset Management Inc. now owns 367,436 shares of the company’s stock worth $6,522,000 after purchasing an additional 77,998 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Blue Owl Capital by 4.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,998 shares of the company’s stock valued at $479,000 after buying an additional 1,103 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Blue Owl Capital by 290.7% in the second quarter. Hsbc Holdings PLC now owns 39,851 shares of the company’s stock worth $721,000 after acquiring an additional 29,651 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Blue Owl Capital by 54.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 45,190 shares of the company’s stock worth $802,000 after acquiring an additional 15,942 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Blue Owl Capital by 12.9% in the second quarter. Sei Investments Co. now owns 893,157 shares of the company’s stock worth $15,854,000 after acquiring an additional 101,960 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $24.50 on Wednesday. The stock’s fifty day moving average price is $23.58 and its two-hundred day moving average price is $20.79. Blue Owl Capital Inc. has a one year low of $15.18 and a one year high of $25.03. The firm has a market cap of $36.60 billion, a PE ratio of 144.14, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter last year, the company posted $0.16 EPS. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.55%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Evercore ISI raised their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. UBS Group raised their price target on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their price target on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 price objective on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.10.

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.