Blue Owl Capital Inc. (NYSE:OWL) Position Lifted by Ibex Wealth Advisors

Ibex Wealth Advisors raised its stake in Blue Owl Capital Inc. (NYSE:OWL) by 348.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 516,521 shares of the company’s stock after purchasing an additional 401,245 shares during the period. Blue Owl Capital accounts for approximately 1.4% of Ibex Wealth Advisors’ holdings, making the stock its 16th biggest holding. Ibex Wealth Advisors’ holdings in Blue Owl Capital were worth $12,014,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Kovitz Investment Group Partners LLC raised its stake in Blue Owl Capital by 1.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock valued at $622,000 after buying an additional 443 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in Blue Owl Capital by 4.1% in the fourth quarter. Miracle Mile Advisors LLC now owns 12,289 shares of the company’s stock worth $286,000 after purchasing an additional 479 shares during the period. King Luther Capital Management Corp raised its holdings in shares of Blue Owl Capital by 0.6% during the third quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock worth $1,547,000 after purchasing an additional 485 shares during the period. Apollon Wealth Management LLC lifted its position in shares of Blue Owl Capital by 1.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock worth $1,009,000 after buying an additional 565 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Blue Owl Capital by 0.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock valued at $1,851,000 after buying an additional 575 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased 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. Wells Fargo & Company cut their price target on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. UBS Group raised their target price on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Citigroup reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Blue Owl Capital in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.85.

Blue Owl Capital Trading Up 0.3 %

NYSE:OWL traded up $0.08 during mid-day trading on Wednesday, reaching $25.77. 187,376 shares of the stock were exchanged, compared to its average volume of 6,576,321. The business has a fifty day moving average price of $23.88 and a 200 day moving average price of $21.10. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73. The firm has a market capitalization of $38.49 billion, a PE ratio of 151.80, a PEG ratio of 1.39 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $600.88 million for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $0.16 EPS. On average, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio 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.