Janney Montgomery Scott LLC Sells 20,268 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Janney Montgomery Scott LLC decreased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 26.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,051 shares of the company's stock after selling 20,268 shares during the period. Janney Montgomery Scott LLC's holdings in Blue Owl Capital were worth $1,103,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in OWL. Rakuten Securities Inc. bought a new position in Blue Owl Capital in the fourth quarter valued at $27,000. MassMutual Private Wealth & Trust FSB grew its position 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 purchasing an additional 1,050 shares in the last quarter. Jones Financial Companies Lllp grew its position 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 purchasing an additional 1,315 shares in the last quarter. State of Wyoming grew its position 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 purchasing an additional 503 shares in the last quarter. Finally, Parallel Advisors LLC grew its position 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 purchasing an additional 1,161 shares in the last quarter. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Performance

NYSE OWL opened at $19.47 on Friday. The firm has a 50-day moving average of $18.70 and a 200-day moving average of $20.79. The stock has a market cap of $29.93 billion, a PE ratio of 149.74, a P/E/G ratio of 1.31 and a beta of 1.18. 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 posted 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 company 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%. As a group, analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Wednesday, May 14th. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio (DPR) is currently 692.31%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. JMP Securities decreased their target price on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the company an "outperform" rating in a research report on Wednesday, April 16th. UBS Group decreased their target price on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Barclays cut their price target on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Finally, Citigroup cut their price target on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.81.

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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