Duality Advisers LP Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

Duality Advisers LP bought a new stake in Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,222 shares of the company’s stock, valued at approximately $421,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Treasurer of the State of North Carolina raised its holdings in shares of Blue Owl Capital by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 196,246 shares of the company’s stock valued at $2,543,000 after purchasing an additional 990 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of Blue Owl Capital by 58.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after purchasing an additional 1,159 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Blue Owl Capital by 25.9% in the third quarter. Signaturefd LLC now owns 5,893 shares of the company’s stock valued at $76,000 after purchasing an additional 1,214 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Blue Owl Capital by 1.4% in the third quarter. Arizona State Retirement System now owns 101,563 shares of the company’s stock valued at $1,316,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Capital Insight Partners LLC raised its holdings in shares of Blue Owl Capital by 10.8% in the third quarter. Capital Insight Partners LLC now owns 20,086 shares of the company’s stock valued at $260,000 after purchasing an additional 1,956 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $19.00 price target on shares of Blue Owl Capital in a research report on Thursday, April 4th. JMP Securities restated a “market outperform” rating and set a $24.00 price target on shares of Blue Owl Capital in a research report on Tuesday, April 9th. TD Cowen assumed coverage on shares of Blue Owl Capital in a research report on Thursday, January 4th. They set an “outperform” rating and a $17.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, The Goldman Sachs Group increased their price target on shares of Blue Owl Capital from $17.75 to $20.25 and gave the company a “buy” rating in a research report on Monday, February 12th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.48.

Blue Owl Capital Stock Performance

Shares of NYSE OWL opened at $18.57 on Friday. Blue Owl Capital Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $19.87. The stock has a market cap of $26.53 billion, a PE ratio of 185.72, a price-to-earnings-growth ratio of 1.21 and a beta of 1.27. The stock has a fifty day moving average of $18.24 and a 200-day moving average of $15.66.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Friday, February 9th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Blue Owl Capital had a return on equity of 17.31% and a net margin of 3.14%. The business had revenue of $494.04 million during the quarter, compared to the consensus estimate of $438.77 million. During the same quarter last year, the company earned $0.15 EPS. On average, sell-side analysts predict that Blue Owl Capital Inc. will post 0.84 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, February 23rd were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.56 annualized dividend and a yield of 3.02%. Blue Owl Capital’s dividend payout ratio is currently 560.06%.

Insider Buying and Selling

In other Blue Owl Capital news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $15.81, for a total value of $71,145,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 33.39% of the stock is currently owned by insiders.

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.