Oak Thistle LLC Lowers Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Oak Thistle LLC lessened its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 59.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,841 shares of the company's stock after selling 55,831 shares during the quarter. Oak Thistle LLC's holdings in Blue Owl Capital were worth $778,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OWL. Capital World Investors lifted its stake in shares of Blue Owl Capital by 14.5% in the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company's stock worth $1,794,943,000 after acquiring an additional 9,794,102 shares during the period. Vanguard Group Inc. grew its position in Blue Owl Capital by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after acquiring an additional 5,558,868 shares in the last quarter. FMR LLC boosted its holdings in shares of Blue Owl Capital by 28.1% during the 4th quarter. FMR LLC now owns 45,241,160 shares of the company's stock worth $1,052,309,000 after buying an additional 9,917,071 shares during the period. JPMorgan Chase & Co. raised its stake in Blue Owl Capital by 2.4% during the 4th quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company's stock valued at $215,131,000 after purchasing an additional 218,586 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Blue Owl Capital by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company's stock worth $196,060,000 after purchasing an additional 274,094 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on OWL. Oppenheimer raised their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Cfra Research upgraded shares of Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Barclays raised their price objective on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Evercore ISI raised their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Finally, Citigroup reduced their price objective on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and an average target price of $24.02.

Blue Owl Capital Stock Down 1.6%

Blue Owl Capital stock traded down $0.34 during midday trading on Friday, reaching $19.98. The stock had a trading volume of 8,932,042 shares, compared to its average volume of 6,833,235. The firm has a market capitalization of $30.72 billion, a PE ratio of 153.67, a P/E/G ratio of 1.39 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. The firm's 50-day moving average price is $19.18 and its 200 day moving average price is $20.26.

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

Blue Owl Capital Increases Dividend

The firm 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 of this dividend was Wednesday, May 14th. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a dividend yield of 4.51%. Blue Owl Capital's dividend payout ratio (DPR) is 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.