Steph & Co. lessened its position in shares of Blue Owl Capital Inc. (NYSE:OWL – Free Report) by 6.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,832 shares of the company’s stock after selling 858 shares during the period. Steph & Co.’s holdings in Blue Owl Capital were worth $275,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OWL. ORG Wealth Partners LLC acquired a new stake in shares of Blue Owl Capital during the 3rd quarter valued at about $32,000. Versant Capital Management Inc grew its holdings in Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after purchasing an additional 1,110 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Blue Owl Capital in the third quarter valued at approximately $138,000. Signaturefd LLC raised its stake in shares of Blue Owl Capital by 19.3% during the 3rd quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock worth $177,000 after buying an additional 1,476 shares during the period. Finally, Chiron Investment Management LLC purchased a new position in shares of Blue Owl Capital during the 3rd quarter valued at approximately $196,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.
Blue Owl Capital Trading Up 1.5 %
Shares of OWL opened at $22.89 on Thursday. The firm has a 50-day moving average price of $23.49 and a 200 day moving average price of $20.58. Blue Owl Capital Inc. has a 12-month low of $14.42 and a 12-month high of $25.03. The firm has a market capitalization of $34.19 billion, a P/E ratio of 134.65, a P/E/G ratio of 1.29 and a beta of 1.14.
Blue Owl Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.55%.
Analyst Ratings Changes
Several brokerages recently commented on OWL. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $24.75 in a report on Monday, January 6th. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Thursday. Wells Fargo & Company reduced their price target on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday. UBS Group lifted their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus price target of $24.77.
View Our Latest Stock Analysis on OWL
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.
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