Stanley Laman Group Ltd. Sells 89,632 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Stanley Laman Group Ltd. decreased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 33.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 176,312 shares of the company’s stock after selling 89,632 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Blue Owl Capital were worth $4,101,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new position in shares of Blue Owl Capital during the third quarter valued at approximately $32,000. Versant Capital Management Inc boosted its holdings in shares of Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after purchasing an additional 1,110 shares during the period. Blue Trust Inc. boosted its holdings in shares of Blue Owl Capital by 182.2% in the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock valued at $47,000 after purchasing an additional 1,310 shares during the period. Copeland Capital Management LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $103,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Blue Owl Capital in the third quarter valued at approximately $138,000. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 1.0 %

Shares of OWL stock opened at $23.33 on Thursday. The business’s fifty day simple moving average is $24.07 and its 200-day simple moving average is $21.51. The company has a market cap of $34.84 billion, a PE ratio of 137.24, a PEG ratio of 1.34 and a beta of 1.15. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73.

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

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Wednesday, February 19th. Blue Owl Capital’s payout ratio is 423.53%.

Analyst Ratings Changes

A number of brokerages recently issued reports on OWL. Deutsche Bank Aktiengesellschaft boosted their price target on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. Piper Sandler boosted their price target on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. JMP Securities reiterated a “market outperform” rating and issued a $32.00 price target (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Citigroup restated a “buy” rating and set a $30.00 target price on shares of Blue Owl Capital in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.27.

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.