Blue Owl Capital Inc. (NYSE:OWL) Position Trimmed by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC trimmed its stake in Blue Owl Capital Inc. (NYSE:OWL) by 14.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,461,147 shares of the company’s stock after selling 249,515 shares during the quarter. Blue Owl Capital accounts for 2.5% of Transcend Capital Advisors LLC’s portfolio, making the stock its 4th largest position. Transcend Capital Advisors LLC owned about 0.10% of Blue Owl Capital worth $33,986,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Creative Planning grew its stake in 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 in the last quarter. Raymond James & Associates grew its stake in shares of Blue Owl Capital by 41.8% in the 3rd quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock valued at $5,972,000 after buying an additional 90,998 shares in the last quarter. OLD National Bancorp IN acquired a new position in Blue Owl Capital in the third quarter worth approximately $254,000. Signaturefd LLC raised its position in Blue Owl Capital by 19.3% during the third quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock valued at $177,000 after acquiring an additional 1,476 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in 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 acquiring an additional 885 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on OWL shares. Citigroup reissued a “buy” rating and issued a $30.00 price objective on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Evercore ISI boosted their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and raised their target price for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Keefe, Bruyette & Woods upped their price target 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. Finally, Oppenheimer lifted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average target price of $26.27.

Blue Owl Capital Trading Down 3.6 %

Shares of OWL stock opened at $23.13 on Friday. The company has a market capitalization of $34.54 billion, a P/E ratio of 136.04, a P/E/G ratio of 1.29 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. The stock has a 50 day moving average of $24.06 and a two-hundred day moving average of $21.72.

Blue Owl Capital (NYSE:OWL) last issued 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 net margin of 4.77% and a return on equity of 20.82%. Sell-side analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business 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 dividend of $0.18 per share. The ex-dividend date is Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.11%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 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.