Wedmont Private Capital Invests $204,000 in Blue Owl Capital Inc. (NYSE:OWL)

Wedmont Private Capital bought a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 9,057 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OWL. FMR LLC increased its holdings in shares of Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after purchasing an additional 8,138,475 shares during the period. Stone Point Capital LLC bought a new stake in shares of Blue Owl Capital in the second quarter valued at about $112,749,000. Point72 Asset Management L.P. grew its position in Blue Owl Capital by 69.2% during the second quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company’s stock worth $73,035,000 after buying an additional 1,683,408 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Blue Owl Capital by 17.9% during the third 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. Finally, Point72 Europe London LLP acquired a new position in Blue Owl Capital in the 2nd quarter valued at approximately $21,243,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on OWL shares. UBS Group lifted their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Company decreased their price target on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods increased their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, JMP Securities reissued a “market outperform” rating and issued a $27.00 target price on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.10.

Blue Owl Capital Stock Up 3.7 %

NYSE:OWL opened at $24.28 on Friday. The firm has a market cap of $36.26 billion, a PE ratio of 142.81, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14. Blue Owl Capital Inc. has a 12 month low of $14.85 and a 12 month high of $25.03. The company’s 50-day moving average price is $23.52 and its two-hundred day moving average price is $20.66.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The business had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same period in the prior year, the company earned $0.16 EPS. On average, research analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a $0.18 dividend. The ex-dividend date was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.97%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.55%.

Blue Owl Capital 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.