Avalon Trust Co Invests $18.13 Million in Blue Owl Capital Inc. (NYSE:OWL)

Avalon Trust Co bought a new position 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. The firm bought 779,350 shares of the company’s stock, valued at approximately $18,128,000. Blue Owl Capital makes up about 1.3% of Avalon Trust Co’s portfolio, making the stock its 24th biggest position. Avalon Trust Co owned 0.05% of Blue Owl Capital as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in OWL. Atria Investments Inc grew its position in shares of Blue Owl Capital by 48.2% in the 3rd quarter. Atria Investments Inc now owns 16,222 shares of the company’s stock worth $314,000 after acquiring an additional 5,275 shares in the last quarter. Apollon Wealth Management LLC boosted its position in Blue Owl Capital by 1.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock valued at $1,009,000 after purchasing an additional 565 shares during the period. Victory Capital Management Inc. boosted its position in Blue Owl Capital by 681.2% during the 3rd quarter. Victory Capital Management Inc. now owns 649,463 shares of the company’s stock valued at $12,574,000 after purchasing an additional 566,325 shares during the period. KBC Group NV boosted its position in Blue Owl Capital by 40.1% during the 3rd quarter. KBC Group NV now owns 13,487 shares of the company’s stock valued at $261,000 after purchasing an additional 3,859 shares during the period. Finally, Dearborn Partners LLC acquired a new position in Blue Owl Capital during the 3rd quarter valued at approximately $563,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Up 4.0 %

Shares of Blue Owl Capital stock opened at $19.24 on Friday. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The firm has a market capitalization of $29.58 billion, a PE ratio of 113.15, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. The stock’s fifty day moving average is $22.93 and its 200-day moving average is $22.09.

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

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.74%. Blue Owl Capital’s dividend payout ratio is 423.53%.

Analyst Ratings Changes

A number of research firms recently issued reports on OWL. The Goldman Sachs Group lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $24.75 in a research report on Monday, January 6th. Evercore ISI boosted their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Oppenheimer boosted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Wells Fargo & Company reduced their price objective on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Barclays began coverage on Blue Owl Capital in a research note on Monday, February 24th. They set an “overweight” rating and a $29.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus price target of $26.48.

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.