Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Caz Investments LP

Caz Investments LP lowered its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 96.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,100 shares of the company’s stock after selling 274,900 shares during the period. Blue Owl Capital accounts for 0.3% of Caz Investments LP’s investment portfolio, making the stock its 11th largest holding. Caz Investments LP’s holdings in Blue Owl Capital were worth $235,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of OWL. Global Retirement Partners LLC grew its position in Blue Owl Capital by 1.6% in the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock valued at $593,000 after buying an additional 413 shares during the last quarter. Dynasty Wealth Management LLC increased its stake in shares of Blue Owl Capital by 0.5% during the fourth quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company’s stock worth $1,828,000 after acquiring an additional 417 shares during the period. Allworth Financial LP raised its holdings in Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after purchasing an additional 428 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its position in Blue Owl Capital by 1.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock valued at $622,000 after purchasing an additional 443 shares during the period. Finally, Principal Securities Inc. boosted its stake in shares of Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after buying an additional 450 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on OWL shares. Evercore ISI boosted their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Wells Fargo & Company lowered their target price on shares of Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. JMP Securities reiterated a “market outperform” rating and set a $32.00 price target (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and upped their price target for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average price target of $26.33.

Blue Owl Capital Stock Performance

Shares of NYSE OWL opened at $20.19 on Friday. The firm’s 50 day moving average price is $22.46 and its 200 day moving average price is $22.31. The firm has a market cap of $31.04 billion, a P/E ratio of 118.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a 1 year low of $15.18 and a 1 year high of $26.73.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS 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%. As a group, equities analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

About Blue Owl Capital

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.