Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Dearborn Partners LLC

Dearborn Partners LLC lowered its stake in Blue Owl Capital Inc. (NYSE:OWL) by 50.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,400 shares of the company’s stock after selling 14,698 shares during the quarter. Dearborn Partners LLC’s holdings in Blue Owl Capital were worth $335,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of OWL. US Bancorp DE lifted its stake in Blue Owl Capital by 49.0% during the third quarter. US Bancorp DE now owns 13,336 shares of the company’s stock worth $258,000 after purchasing an additional 4,387 shares in the last quarter. QRG Capital Management Inc. purchased a new position in Blue Owl Capital during the 3rd quarter valued at about $271,000. SpiderRock Advisors LLC grew its position in Blue Owl Capital by 2.3% in the 3rd quarter. SpiderRock Advisors LLC now owns 30,630 shares of the company’s stock valued at $593,000 after acquiring an additional 701 shares in the last quarter. Atria Investments Inc increased its stake in Blue Owl Capital by 48.2% during the third quarter. Atria Investments Inc now owns 16,222 shares of the company’s stock worth $314,000 after purchasing an additional 5,275 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its position in shares of Blue Owl Capital by 7.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 19,043 shares of the company’s stock worth $369,000 after purchasing an additional 1,395 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

NYSE OWL opened at $18.85 on Wednesday. The firm’s fifty day moving average price is $23.21 and its 200 day moving average price is $22.09. Blue Owl Capital Inc. has a 12 month low of $15.18 and a 12 month high of $26.73. The company has a market capitalization of $28.98 billion, a price-to-earnings ratio of 110.87, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s payout ratio is currently 423.53%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OWL. Piper Sandler increased their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Oppenheimer increased their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Citigroup reissued a “buy” rating and set a $30.00 target price on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price target on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Finally, JMP Securities reissued a “market outperform” rating and set a $32.00 price objective (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.