Brown University Lowers Position in Blue Owl Capital Inc. (NYSE:OWL)

Brown University lowered its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 24.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,089,816 shares of the company's stock after selling 986,874 shares during the quarter. Blue Owl Capital comprises about 28.7% of Brown University's investment portfolio, making the stock its 2nd largest position. Brown University owned 0.20% of Blue Owl Capital worth $61,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of OWL. 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 raised 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 during the period. Allworth Financial LP raised its position in shares of Blue Owl Capital by 70.5% during the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock worth $45,000 after purchasing an additional 998 shares during the period. State of Wyoming raised its position in shares of Blue Owl Capital by 27.1% during the fourth quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $55,000 after purchasing an additional 503 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of Blue Owl Capital by 21.9% during the first quarter. Parallel Advisors LLC now owns 6,468 shares of the company's stock worth $130,000 after purchasing an additional 1,161 shares during the period. Institutional investors and hedge funds own 35.85% of the company's stock.

Blue Owl Capital Trading Up 1.6%

Shares of OWL opened at $19.22 on Tuesday. The firm's 50 day moving average is $18.96 and its 200-day moving average is $20.45. The stock has a market capitalization of $29.55 billion, a PE ratio of 147.82, a P/E/G ratio of 1.29 and a beta of 1.17. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73.

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

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a yield of 4.68%. Blue Owl Capital's dividend payout ratio (DPR) is currently 692.31%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company raised their price target on 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. Piper Sandler lifted their target price on Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Citigroup dropped their target price on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Finally, Barclays lifted their target price on Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.02.

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.

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