Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC decreased its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 72.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,425 shares of the company's stock after selling 22,050 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Blue Owl Capital were worth $169,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in OWL. Proficio Capital Partners LLC acquired a new position in Blue Owl Capital in the 4th quarter valued at about $487,000. Jones Financial Companies Lllp boosted its position in shares of Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after acquiring an additional 1,315 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Blue Owl Capital by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock worth $80,179,000 after acquiring an additional 106,485 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Blue Owl Capital by 20.0% in the fourth quarter. Victory Capital Management Inc. now owns 779,640 shares of the company's stock worth $18,134,000 after acquiring an additional 130,177 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Blue Owl Capital by 14.7% in the fourth quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock worth $3,599,000 after acquiring an additional 19,810 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OWL shares. UBS Group decreased their target price on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. JMP Securities decreased their target price on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Finally, Piper Sandler increased their target price on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $24.02.

Blue Owl Capital Stock Up 0.9%

NYSE:OWL opened at $19.57 on Friday. The business's 50-day moving average price is $18.88 and its 200 day moving average price is $20.64. The firm has a market cap of $30.10 billion, a P/E ratio of 150.55, a PEG ratio of 1.32 and a beta of 1.17. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The firm had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a dividend of $0.225 per share. 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 yield of 4.60%. The ex-dividend date was Wednesday, May 14th. Blue Owl Capital's payout ratio is presently 692.31%.

Blue Owl Capital 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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