Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Callodine Capital Management LP

Callodine Capital Management LP lowered its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 26.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,125,000 shares of the company's stock after selling 400,000 shares during the period. Blue Owl Capital comprises 5.4% of Callodine Capital Management LP's investment portfolio, making the stock its 4th biggest position. Callodine Capital Management LP owned about 0.08% of Blue Owl Capital worth $26,168,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new stake in Blue Owl Capital in the 4th quarter worth about $27,000. Allworth Financial LP boosted its stake in shares of Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after acquiring an additional 428 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after purchasing an additional 1,315 shares in the last quarter. Versant Capital Management Inc raised its stake in Blue Owl Capital by 136.2% in the 4th 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 last quarter. Finally, Principal Securities Inc. lifted its holdings in Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OWL shares. TD Cowen raised shares of Blue Owl Capital from a "hold" rating to a "buy" rating and upped their target price for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Wells Fargo & Company decreased their target price on shares of Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Oppenheimer set a $24.00 price target on Blue Owl Capital and gave the company an "outperform" rating in a research report on Wednesday, April 16th. Finally, Barclays reduced their price objective on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $23.79.

Blue Owl Capital Stock Up 5.8 %

NYSE:OWL traded up $0.99 during trading hours on Wednesday, reaching $17.95. 5,157,998 shares of the stock were exchanged, compared to its average volume of 6,644,511. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The business has a 50-day moving average of $19.68 and a two-hundred day moving average of $22.16. The company has a market capitalization of $27.60 billion, a price-to-earnings ratio of 105.59, a PEG ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting 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, research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 4.01%. Blue Owl Capital's dividend payout ratio is currently 423.53%.

About Blue Owl Capital

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.