Leeward Investments LLC MA Takes $8.59 Million Position in Blue Owl Capital Inc. $OWL

Leeward Investments LLC MA acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 575,005 shares of the company’s stock, valued at approximately $8,591,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Roxbury Financial LLC increased its position in Blue Owl Capital by 383.6% during the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after purchasing an additional 1,400 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Blue Owl Capital by 117.0% during the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after purchasing an additional 867 shares during the last quarter. Halbert Hargrove Global Advisors LLC increased its position in Blue Owl Capital by 83.5% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock worth $30,000 after purchasing an additional 910 shares during the last quarter. Activest Wealth Management acquired a new position in Blue Owl Capital during the third quarter worth approximately $50,000. Finally, Headlands Technologies LLC acquired a new position in Blue Owl Capital during the second quarter worth approximately $51,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OWL shares. Citizens Jmp dropped their price target on shares of Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. Oppenheimer dropped their price target on shares of Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. BMO Capital Markets dropped their price target on shares of Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft cut Blue Owl Capital from a “buy” rating to a “hold” rating and decreased their target price for the stock from $15.00 to $10.00 in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.03.

Blue Owl Capital Trading Down 3.6%

NYSE:OWL opened at $9.46 on Friday. The firm has a market capitalization of $14.70 billion, a price-to-earnings ratio of 78.81, a PEG ratio of 1.03 and a beta of 1.19. The firm’s fifty day simple moving average is $9.29 and its 200 day simple moving average is $12.63. Blue Owl Capital Inc. has a twelve month low of $7.95 and a twelve month high of $21.08.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $699.88 million for the quarter, compared to analysts’ expectations of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. On average, analysts predict that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 9.7%. The ex-dividend date is Wednesday, May 13th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.