Blue Owl Capital Inc. (NYSE:OWL) is Brown University's 2nd Largest Position

Brown University decreased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 24.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,089,816 shares of the company's stock after selling 986,874 shares during the quarter. Blue Owl Capital comprises approximately 28.7% of Brown University's portfolio, making the stock its 2nd biggest holding. Brown University owned approximately 0.20% of Blue Owl Capital worth $61,920,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of OWL. MassMutual Private Wealth & Trust FSB raised its holdings in Blue Owl Capital by 380.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock valued at $27,000 after acquiring an additional 1,050 shares during the period. Jones Financial Companies Lllp raised its holdings in 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 period. Allworth Financial LP raised its holdings in Blue Owl Capital by 70.5% during the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company's stock valued at $45,000 after acquiring an additional 998 shares during the period. State of Wyoming raised its holdings in Blue Owl Capital by 27.1% during the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after acquiring an additional 503 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Blue Owl Capital by 21.9% during the 1st quarter. Parallel Advisors LLC now owns 6,468 shares of the company's stock valued at $130,000 after acquiring an additional 1,161 shares during the period. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Down 1.5%

NYSE:OWL traded down $0.32 during midday trading on Friday, hitting $20.48. The company had a trading volume of 4,839,994 shares, compared to its average volume of 7,886,672. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The stock's fifty day moving average price is $19.09 and its 200-day moving average price is $20.39. The company has a market capitalization of $31.50 billion, a PE ratio of 157.42, a P/E/G ratio of 1.38 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its 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 return on equity of 19.74% and a net margin of 3.73%. The company had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. As a group, research analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.39%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, May 14th. Blue Owl Capital's dividend payout ratio is presently 692.31%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OWL. UBS Group decreased their price target on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Barclays upped their price target on shares of Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Wells Fargo & Company upped their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Finally, Evercore ISI upped their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.02.

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.