Northside Capital Management LLC Acquires Shares of 25,627 Blue Owl Capital Inc. (NYSE:OWL)

Northside Capital Management LLC bought a new position in Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 25,627 shares of the company’s stock, valued at approximately $596,000.

A number of other large investors have also recently made changes to their positions in OWL. ORG Wealth Partners LLC purchased a new position in shares of Blue Owl Capital during the third quarter valued at approximately $32,000. Versant Capital Management Inc lifted its stake in shares of Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after acquiring an additional 1,110 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Blue Owl Capital during the 3rd quarter valued at $138,000. Signaturefd LLC grew its position in Blue Owl Capital by 19.3% in the 3rd quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock valued at $177,000 after acquiring an additional 1,476 shares during the last quarter. Finally, Chiron Investment Management LLC purchased a new stake in Blue Owl Capital in the third quarter worth $196,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Up 1.5 %

OWL stock opened at $22.89 on Thursday. Blue Owl Capital Inc. has a 52-week low of $14.42 and a 52-week high of $25.03. The company’s 50-day simple moving average is $23.49 and its 200-day simple moving average is $20.58. The firm has a market cap of $34.19 billion, a P/E ratio of 134.65, a PEG ratio of 1.29 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 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 period last year, the company earned $0.16 earnings per share. On average, analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s payout ratio is presently 423.55%.

Analyst Upgrades and Downgrades

OWL has been the topic of a number of research analyst reports. JMP Securities restated a “market outperform” rating and issued a $27.00 price target on shares of Blue Owl Capital in a report on Wednesday, December 4th. UBS Group raised their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Piper Sandler boosted their price target on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Oppenheimer increased their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company lowered their target price on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.77.

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.