Concurrent Investment Advisors LLC Sells 6,412 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Concurrent Investment Advisors LLC trimmed its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 12.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 45,275 shares of the company’s stock after selling 6,412 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Blue Owl Capital were worth $1,053,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Creative Planning raised its holdings in shares of Blue Owl Capital by 4.1% in the third quarter. Creative Planning now owns 52,847 shares of the company’s stock valued at $1,023,000 after purchasing an additional 2,076 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Blue Owl Capital by 41.8% in the third quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock valued at $5,972,000 after purchasing an additional 90,998 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Blue Owl Capital by 19.3% in the third quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock valued at $177,000 after purchasing an additional 1,476 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Blue Owl Capital by 2.3% in the third quarter. Private Advisor Group LLC now owns 38,986 shares of the company’s stock valued at $755,000 after purchasing an additional 885 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC raised its holdings in shares of Blue Owl Capital by 88.3% in the third quarter. Mount Yale Investment Advisors LLC now owns 24,461 shares of the company’s stock valued at $474,000 after purchasing an additional 11,469 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OWL has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Wells Fargo & Company lowered their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their price target for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Oppenheimer boosted their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Evercore ISI boosted their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.27.

Blue Owl Capital Trading Down 4.4 %

Shares of NYSE:OWL opened at $22.08 on Friday. The company has a 50 day moving average of $24.01 and a 200 day moving average of $21.80. The stock has a market cap of $32.97 billion, a P/E ratio of 129.87, a P/E/G ratio of 1.23 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 data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, equities analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.26%. Blue Owl Capital’s dividend payout ratio is currently 423.55%.

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.