Virtu Financial LLC Acquires Shares of 32,051 Blue Owl Capital Inc. (NYSE:OWL)

Virtu Financial LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 32,051 shares of the company’s stock, valued at approximately $746,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP boosted its holdings in shares of Blue Owl Capital by 9.1% during the fourth quarter. Quantbot Technologies LP now owns 482,517 shares of the company’s stock worth $11,223,000 after acquiring an additional 40,230 shares during the period. Sciencast Management LP bought a new stake in Blue Owl Capital in the 4th quarter valued at $808,000. Maestria Partners LLC bought a new stake in Blue Owl Capital in the 4th quarter valued at $16,654,000. Harvest Fund Management Co. Ltd grew its holdings in Blue Owl Capital by 963.5% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 14,166 shares of the company’s stock valued at $330,000 after buying an additional 12,834 shares in the last quarter. Finally, Xponance Inc. increased its position in Blue Owl Capital by 8.7% during the 4th quarter. Xponance Inc. now owns 68,660 shares of the company’s stock worth $1,597,000 after buying an additional 5,468 shares during the period. Institutional investors own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on OWL shares. Wells Fargo & Company reduced their target price on shares of Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th. Citigroup reissued a “buy” rating and issued a $30.00 price objective on shares of Blue Owl Capital in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. JMP Securities reiterated a “market outperform” rating and issued a $32.00 price target (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Finally, TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and increased their price target for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.33.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $21.66 on Tuesday. Blue Owl Capital Inc. has a 52 week low of $15.18 and a 52 week high of $26.73. The stock has a market capitalization of $33.31 billion, a P/E ratio of 127.43, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. The stock has a fifty day moving average of $22.65 and a 200-day moving average of $22.27.

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

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a yield of 3.32%. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

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.