Townsend Asset Management Corp NC ADV Purchases 37,445 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Townsend Asset Management Corp NC ADV boosted its position in Blue Owl Capital Inc. (NYSE:OWL) by 16.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 264,953 shares of the company’s stock after purchasing an additional 37,445 shares during the quarter. Blue Owl Capital comprises about 2.3% of Townsend Asset Management Corp NC ADV’s portfolio, making the stock its 12th biggest holding. Townsend Asset Management Corp NC ADV’s holdings in Blue Owl Capital were worth $6,163,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in OWL. Rothschild Investment LLC lifted its position in shares of Blue Owl Capital by 316.1% during the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company’s stock valued at $790,000 after acquiring an additional 25,795 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after acquiring an additional 1,372,865 shares during the period. Princeton Global Asset Management LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $1,773,000. Westfield Capital Management Co. LP lifted its position in shares of Blue Owl Capital by 4.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock valued at $130,415,000 after acquiring an additional 293,221 shares during the period. Finally, Capital CS Group LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $620,000. 35.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OWL. JMP Securities restated a “market outperform” rating and set a $32.00 price objective (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Citigroup restated a “buy” rating and set a $30.00 price objective on shares of Blue Owl Capital in a research report on Thursday, January 23rd. The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. Wells Fargo & Company dropped their price objective on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Evercore ISI upped their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $26.48.

Blue Owl Capital Stock Up 3.1 %

Shares of OWL opened at $20.39 on Thursday. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The business has a 50-day simple moving average of $23.57 and a two-hundred day simple moving average of $22.01. The stock has a market cap of $31.36 billion, a PE ratio of 119.96, a PEG ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, equities research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.53%. Blue Owl Capital’s payout ratio is 423.53%.

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.