Catalyst Capital Advisors LLC Has $169,000 Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

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

Several other hedge funds have also added to or reduced their stakes in OWL. Rakuten Securities Inc. acquired a new position in Blue Owl Capital in the fourth quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in Blue Owl Capital by 380.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock valued at $27,000 after buying an additional 1,050 shares during the period. Jones Financial Companies Lllp lifted its stake in Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock valued at $44,000 after buying an additional 1,315 shares during the period. State of Wyoming lifted its stake in Blue Owl Capital by 27.1% in the fourth quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after buying an additional 503 shares during the period. Finally, Parallel Advisors LLC lifted its stake in Blue Owl Capital by 21.9% in the first quarter. Parallel Advisors LLC now owns 6,468 shares of the company's stock valued at $130,000 after buying an additional 1,161 shares during the period. Institutional investors own 35.85% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OWL. Piper Sandler increased their price target on Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Barclays decreased their price objective on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, April 7th. JMP Securities decreased their price target on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $20.00 to $23.00 in a research note on Tuesday, May 20th. Finally, Wells Fargo & Company lifted their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on 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 Trading Up 0.4%

NYSE OWL traded up $0.07 during midday trading on Tuesday, hitting $19.38. The company had a trading volume of 4,719,327 shares, compared to its average volume of 6,903,879. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The firm has a 50-day moving average price of $18.90 and a 200-day moving average price of $20.57. The company has a market capitalization of $29.80 billion, a PE ratio of 149.09, a P/E/G ratio of 1.30 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results 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 net margin of 3.73% and a return on equity of 19.74%. The business had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.64%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's payout ratio is currently 692.31%.

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.