FORA Capital LLC Cuts Position in Blue Owl Capital Inc. $OWL

Key Points

• FORA Capital LLC reduced its holdings in Blue Owl Capital Inc. by 60.9% in the first quarter, bringing its stake down to 48,856 shares worth approximately $979,000.
• Other investors such as Bank of New York Mellon and Wealth Enhancement Advisory Services have increased their positions in Blue Owl Capital, indicating ongoing interest from institutional investors.
• Blue Owl Capital announced a quarterly dividend of $0.225 per share, contributing to an annualized dividend of $0.90 and a yield of 4.8%.

FORA Capital LLC reduced its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 60.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 48,856 shares of the company's stock after selling 76,233 shares during the period. FORA Capital LLC's holdings in Blue Owl Capital were worth $979,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OWL. Vanguard Group Inc. raised its stake in Blue Owl Capital by 13.5% in the 1st quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock valued at $1,210,674,000 after acquiring an additional 7,206,495 shares during the period. Cresset Asset Management LLC grew its holdings in Blue Owl Capital by 4,278.0% during the 4th quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company's stock valued at $140,794,000 after buying an additional 5,914,804 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Blue Owl Capital by 637.7% during the 4th quarter. Squarepoint Ops LLC now owns 2,046,747 shares of the company's stock valued at $47,607,000 after buying an additional 1,769,302 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Blue Owl Capital by 150.9% during the 1st quarter. Raymond James Financial Inc. now owns 1,640,109 shares of the company's stock valued at $32,868,000 after buying an additional 986,367 shares in the last quarter. Finally, Twinbeech Capital LP purchased a new position in Blue Owl Capital during the 4th quarter valued at about $19,543,000. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

OWL traded down $0.19 during midday trading on Monday, hitting $18.50. The stock had a trading volume of 5,951,308 shares, compared to its average volume of 5,925,921. The company has a market cap of $28.67 billion, a P/E ratio of 205.58, a price-to-earnings-growth ratio of 1.21 and a beta of 1.16. The business has a fifty day moving average of $19.39 and a 200 day moving average of $19.30. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73.

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

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a $0.225 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. Blue Owl Capital's dividend payout ratio is currently 1,000.00%.

Analyst Upgrades and Downgrades

OWL has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their target price on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Evercore ISI boosted their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods raised Blue Owl Capital from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Oppenheimer boosted their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Finally, Barclays boosted their price objective on Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and a consensus 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.