Perfromance Wealth Partners LLC Invests $2.72 Million in Blue Owl Capital Inc. (NYSE:OWL)

Perfromance Wealth Partners LLC purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 116,964 shares of the company’s stock, valued at approximately $2,721,000.

Other large investors have also bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in Blue Owl Capital during the 4th quarter valued at $473,000. Merit Financial Group LLC purchased a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $519,000. Northside Capital Management LLC purchased a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $596,000. Oak Thistle LLC increased its holdings in Blue Owl Capital by 474.6% during the fourth quarter. Oak Thistle LLC now owns 94,672 shares of the company’s stock valued at $2,202,000 after buying an additional 78,196 shares during the period. Finally, Capital CS Group LLC acquired a new stake in Blue Owl Capital in the fourth quarter valued at approximately $620,000. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Price Performance

OWL opened at $24.50 on Wednesday. Blue Owl Capital Inc. has a fifty-two week low of $15.18 and a fifty-two week high of $25.03. The firm’s fifty day moving average price is $23.58 and its two-hundred day moving average price is $20.79. The company has a market capitalization of $36.60 billion, a P/E ratio of 144.14, a P/E/G ratio of 1.31 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The firm 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 last year, the firm earned $0.16 earnings per share. On average, equities research analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 2.94%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.55%.

Analyst Ratings Changes

Several equities research analysts have recently commented on OWL shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. JMP Securities restated a “market outperform” rating and issued a $27.00 price objective on shares of Blue Owl Capital in a report on Wednesday, December 4th. Wells Fargo & Company cut their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. UBS Group increased their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Oppenheimer lifted their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.