Redwood Investment Management LLC Trims Stock Holdings in Blue Owl Capital Inc. $OWL

Key Points

• Redwood Investment Management LLC reduced its stake in Blue Owl Capital Inc. by 15.3%, bringing its holdings down to 185,161 shares valued at $3.71 million as of the end of the first quarter.
• Several hedge funds increased their positions in Blue Owl, with MassMutual Private Wealth & Trust FSB notably growing its stake by 380.4% during the same period.
• Blue Owl Capital's recent earnings report met expectations with an EPS of $0.21 and annualized dividend yield of 4.8%, highlighting its ongoing commitment to shareholders.

Redwood Investment Management LLC reduced its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 15.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,161 shares of the company's stock after selling 33,462 shares during the period. Redwood Investment Management LLC's holdings in Blue Owl Capital were worth $3,711,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in OWL. MassMutual Private Wealth & Trust FSB grew its position in shares of 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 purchasing an additional 1,050 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Blue Owl Capital during the 1st quarter valued at $38,000. Cullen Frost Bankers Inc. grew its position in shares of Blue Owl Capital by 39.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after purchasing an additional 583 shares in the last quarter. Allworth Financial LP grew its position in shares of 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 purchasing an additional 998 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Blue Owl Capital by 58.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company's stock worth $50,000 after acquiring an additional 916 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on OWL. Cowen reissued a "buy" rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Wells Fargo & Company boosted 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 research note on Friday, May 23rd. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. UBS Group lowered their price objective on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Piper Sandler upped their price objective on shares of Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Price Performance

Shares of NYSE OWL opened at $18.63 on Tuesday. The stock has a market cap of $28.87 billion, a PE ratio of 207.02, a price-to-earnings-growth ratio of 1.23 and a beta of 1.16. The firm has a fifty day moving average price of $19.40 and a 200-day moving average price of $19.44. 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 posted its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $703.11 million during the quarter, compared to analysts' expectations of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. On average, research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Thursday, August 14th. Blue Owl Capital's dividend payout ratio (DPR) is presently 1,000.00%.

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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