Oak Thistle LLC Reduces Stake in Blue Owl Capital Inc. (NYSE:OWL)

Oak Thistle LLC reduced its position in Blue Owl Capital Inc. (NYSE:OWL) by 71.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,600 shares of the company’s stock after selling 38,267 shares during the period. Oak Thistle LLC’s holdings in Blue Owl Capital were worth $294,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Blue Owl Capital by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 40,480,663 shares of the company’s stock valued at $603,162,000 after purchasing an additional 281,324 shares in the last quarter. Capital International Investors increased its position in Blue Owl Capital by 12.0% during the fourth quarter. Capital International Investors now owns 33,177,641 shares of the company’s stock worth $494,347,000 after buying an additional 3,565,657 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Blue Owl Capital by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,694 shares of the company’s stock worth $53,948,000 after buying an additional 100,188 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Blue Owl Capital during the fourth quarter worth $46,030,000. Finally, Advent International L.P. purchased a new position in Blue Owl Capital during the third quarter worth $30,780,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Up 0.3 %

Blue Owl Capital stock traded up $0.06 during midday trading on Monday, hitting $17.81. The stock had a trading volume of 3,751,537 shares, compared to its average volume of 5,199,045. The stock has a market cap of $25.45 billion, a P/E ratio of 148.42, a P/E/G ratio of 1.08 and a beta of 1.18. Blue Owl Capital Inc. has a 12 month low of $10.64 and a 12 month high of $19.87. The business has a fifty day moving average price of $18.21 and a 200 day moving average price of $17.34.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, May 2nd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. The company had revenue of $486.55 million during the quarter, compared to the consensus estimate of $478.47 million. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.82 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, May 20th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 4.04%. Blue Owl Capital’s payout ratio is currently 600.00%.

Wall Street Analysts Forecast Growth

OWL has been the subject of several recent research reports. Evercore ISI raised their price target on Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. restated a “neutral” rating and set a $18.50 price objective on shares of Blue Owl Capital in a report on Thursday, June 13th. UBS Group upgraded Blue Owl Capital from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $22.00 in a report on Tuesday, April 2nd. Citigroup restated a “buy” rating and set a $21.00 price objective on shares of Blue Owl Capital in a report on Tuesday, May 14th. Finally, Piper Sandler restated an “overweight” rating and set a $23.00 price objective on shares of Blue Owl Capital in a report on Friday. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.27.

Blue Owl Capital Company 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.