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

Cat Rock Capital Management LP cut its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 71.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 495,395 shares of the company's stock after selling 1,226,000 shares during the quarter. Blue Owl Capital comprises 1.5% of Cat Rock Capital Management LP's investment portfolio, making the stock its 13th biggest position. Cat Rock Capital Management LP's holdings in Blue Owl Capital were worth $11,523,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of OWL. Rakuten Securities Inc. purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $27,000. Allworth Financial LP raised its holdings in shares of Blue Owl Capital by 43.3% during the 4th 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 period. Jones Financial Companies Lllp boosted its position in shares of Blue Owl Capital by 232.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock valued at $44,000 after acquiring an additional 1,315 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of 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. Finally, Principal Securities Inc. raised its stake in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after purchasing an additional 450 shares during the period. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Performance

OWL stock traded up $0.22 during midday trading on Wednesday, reaching $18.07. 6,643,070 shares of the company were exchanged, compared to its average volume of 6,779,897. The stock's 50-day simple moving average is $18.73 and its 200 day simple moving average is $21.90. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The company has a market cap of $27.78 billion, a price-to-earnings ratio of 106.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. The firm had revenue of $620.19 million for the quarter, compared to analysts' expectations of $636.44 million. On average, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.98%. Blue Owl Capital's dividend payout ratio (DPR) is 692.31%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OWL. Barclays cut their price target on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Oppenheimer set a $24.00 price target on Blue Owl Capital and gave the stock an "outperform" rating in a report on Wednesday, April 16th. TD Cowen raised shares of Blue Owl Capital from a "hold" rating to a "buy" rating and upped their target price for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Piper Sandler dropped their price target on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $23.56.

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.