Blue Owl Capital Inc. $OWL Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC reduced its stake in Blue Owl Capital Inc. by 5.6%, selling 20,704 shares and holding 346,286 shares worth approximately $6.79 million.
• Other institutional investors have also made significant moves, with MassMutual Private Wealth & Trust increasing their position by 380.4% in the first quarter.
• Blue Owl Capital reported a quarterly earnings per share of $0.21, meeting expectations, while its recent quarterly dividend was set at $0.225 per share, yielding 4.8%.

AQR Capital Management LLC reduced its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 5.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 346,286 shares of the company's stock after selling 20,704 shares during the quarter. AQR Capital Management LLC's holdings in Blue Owl Capital were worth $6,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Blue Owl Capital by 13.5% during the 1st quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock worth $1,210,674,000 after buying an additional 7,206,495 shares during the last quarter. JPMorgan Chase & Co. raised its position in Blue Owl Capital by 4.6% during the 1st quarter. JPMorgan Chase & Co. now owns 9,671,728 shares of the company's stock worth $193,821,000 after buying an additional 422,745 shares during the last quarter. Federated Hermes Inc. raised its position in Blue Owl Capital by 0.4% during the 1st quarter. Federated Hermes Inc. now owns 6,901,500 shares of the company's stock worth $138,306,000 after buying an additional 24,800 shares during the last quarter. Beck Mack & Oliver LLC raised its position in Blue Owl Capital by 12.1% during the 1st quarter. Beck Mack & Oliver LLC now owns 6,777,668 shares of the company's stock worth $135,824,000 after buying an additional 732,452 shares during the last quarter. Finally, Cresset Asset Management LLC raised its position in Blue Owl Capital by 1.4% during the 1st quarter. Cresset Asset Management LLC now owns 6,140,749 shares of the company's stock worth $123,061,000 after buying an additional 87,684 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded up $0.01 during trading on Wednesday, reaching $18.56. The company had a trading volume of 8,117,540 shares, compared to its average volume of 7,267,603. The firm's 50-day simple moving average is $19.15 and its 200 day simple moving average is $18.96. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The firm has a market capitalization of $28.76 billion, a PE ratio of 206.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. The company had revenue of $703.11 million for the quarter, compared to analysts' expectations of $642.13 million. Analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.90 annualized dividend and a dividend yield of 4.8%. Blue Owl Capital's payout ratio is presently 1,000.00%.

Analyst Ratings Changes

A number of equities analysts have issued reports on OWL shares. Raymond James Financial started coverage on shares of Blue Owl Capital in a research report on Monday, July 28th. They set a "market perform" rating for the company. Cowen reaffirmed a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. Oppenheimer lifted their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Barclays lifted their target price on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Evercore ISI lifted their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $24.02.

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.