Ibex Wealth Advisors Raises Stake in Blue Owl Capital Inc. (NYSE:OWL)

Ibex Wealth Advisors increased its stake in Blue Owl Capital Inc. (NYSE:OWL) by 348.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 516,521 shares of the company’s stock after purchasing an additional 401,245 shares during the quarter. Blue Owl Capital accounts for 1.4% of Ibex Wealth Advisors’ investment portfolio, making the stock its 16th largest position. Ibex Wealth Advisors’ holdings in Blue Owl Capital were worth $12,014,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. KBC Group NV increased its holdings in Blue Owl Capital by 1,086.2% in the fourth quarter. KBC Group NV now owns 159,982 shares of the company’s stock valued at $3,721,000 after buying an additional 146,495 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Blue Owl Capital by 182.2% in the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock worth $47,000 after acquiring an additional 1,310 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in Blue Owl Capital in the 4th quarter valued at approximately $983,000. Exchange Traded Concepts LLC acquired a new position in Blue Owl Capital during the fourth quarter worth $2,924,000. Finally, Encompass More Asset Management boosted its position in Blue Owl Capital by 63.5% during the fourth quarter. Encompass More Asset Management now owns 24,395 shares of the company’s stock worth $567,000 after purchasing an additional 9,478 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price target on shares of Blue Owl Capital in a research note on Wednesday, December 4th. The Goldman Sachs Group downgraded shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $24.75 in a report on Monday, January 6th. Oppenheimer raised their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Piper Sandler increased their target price on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Finally, UBS Group boosted their price target on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.85.

Blue Owl Capital Stock Up 0.3 %

Shares of OWL traded up $0.08 during mid-day trading on Wednesday, hitting $25.77. The company had a trading volume of 187,376 shares, compared to its average volume of 6,576,321. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73. The business’s 50-day simple moving average is $23.88 and its 200-day simple moving average is $21.10. The stock has a market cap of $38.49 billion, a PE ratio of 151.80, a P/E/G ratio of 1.39 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates 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 net margin of 4.95% and a return on equity of 19.98%. During the same quarter last year, the business earned $0.16 EPS. On average, sell-side analysts expect that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.55%.

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.