Parsons Capital Management Inc. RI Purchases 832 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Parsons Capital Management Inc. RI grew its position in Blue Owl Capital Inc. (NYSE:OWL) by 5.5% during the first quarter, HoldingsChannel reports. The firm owned 15,932 shares of the company’s stock after buying an additional 832 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Blue Owl Capital were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of OWL. M&T Bank Corp increased its position in Blue Owl Capital by 7.0% during the fourth quarter. M&T Bank Corp now owns 11,512 shares of the company’s stock worth $172,000 after acquiring an additional 753 shares during the period. Treasurer of the State of North Carolina increased its position in Blue Owl Capital by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 196,246 shares of the company’s stock worth $2,543,000 after acquiring an additional 990 shares during the period. Salem Investment Counselors Inc. increased its position in Blue Owl Capital by 58.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock worth $47,000 after acquiring an additional 1,159 shares during the period. Signaturefd LLC increased its position in Blue Owl Capital by 25.9% during the third quarter. Signaturefd LLC now owns 5,893 shares of the company’s stock worth $76,000 after acquiring an additional 1,214 shares during the period. Finally, Arizona State Retirement System increased its position in Blue Owl Capital by 1.4% during the third quarter. Arizona State Retirement System now owns 101,563 shares of the company’s stock worth $1,316,000 after acquiring an additional 1,445 shares during the period. Institutional investors own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OWL. JMP Securities reiterated a “market outperform” rating and set a $24.00 price target on shares of Blue Owl Capital in a research note on Tuesday, April 9th. TD Cowen began coverage on shares of Blue Owl Capital in a research note on Thursday, January 4th. They set an “outperform” rating and a $17.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Evercore ISI lifted their price target on shares of Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Finally, Piper Sandler lifted their price target on shares of Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.48.

Insider Buying and Selling

In related news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $15.81, for a total transaction of $71,145,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 33.39% of the stock is owned by corporate insiders.

Blue Owl Capital Trading Up 1.2 %

NYSE OWL traded up $0.22 on Friday, hitting $18.79. 2,294,565 shares of the company were exchanged, compared to its average volume of 3,638,596. The firm has a 50 day moving average of $18.26 and a two-hundred day moving average of $15.72. The company has a market cap of $26.85 billion, a P/E ratio of 187.92, a P/E/G ratio of 1.22 and a beta of 1.27. Blue Owl Capital Inc. has a 1-year low of $9.70 and a 1-year high of $19.87.

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

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, February 23rd were given 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 2.98%. Blue Owl Capital’s dividend payout ratio (DPR) is 560.06%.

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.