Turtle Creek Wealth Advisors LLC Trims Stock Position in Blue Owl Capital Inc. $OWL

Key Points

• Turtle Creek Wealth Advisors LLC cut its position in Blue Owl Capital by 24.8% in Q4, selling 265,672 shares and finishing the period with 807,268 shares valued at about $12.06 million (Blue Owl represented ~0.9% of Turtle Creek’s holdings and Turtle Creek owned ~0.05% of Blue Owl).
• Blue Owl shares trade near $9.44 with a $14.67B market cap; the firm recently paid a quarterly dividend of $0.225 (annualized yield ~9.5%) despite a very high payout ratio (900%), and analysts hold a consensus "Moderate Buy" with an average target of $15.84 amid recent price-target cuts.

Turtle Creek Wealth Advisors LLC lowered its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 24.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 807,268 shares of the company's stock after selling 265,672 shares during the period. Blue Owl Capital accounts for about 0.9% of Turtle Creek Wealth Advisors LLC's holdings, making the stock its 27th biggest position. Turtle Creek Wealth Advisors LLC owned 0.05% of Blue Owl Capital worth $12,061,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cresset Asset Management LLC grew its stake in Blue Owl Capital by 1,345.0% during the third quarter. Cresset Asset Management LLC now owns 1,379,485 shares of the company's stock valued at $23,355,000 after acquiring an additional 1,284,021 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Blue Owl Capital by 16.8% during the third quarter. JPMorgan Chase & Co. now owns 11,572,226 shares of the company's stock valued at $195,920,000 after acquiring an additional 1,667,608 shares in the last quarter. Capital International Investors grew its stake in Blue Owl Capital by 3.5% during the third quarter. Capital International Investors now owns 62,726,334 shares of the company's stock valued at $1,061,999,000 after acquiring an additional 2,141,873 shares in the last quarter. Elevation Point Wealth Partners LLC grew its stake in Blue Owl Capital by 5,256.9% during the third quarter. Elevation Point Wealth Partners LLC now owns 374,236 shares of the company's stock valued at $6,336,000 after acquiring an additional 367,250 shares in the last quarter. Finally, Partners Group Holding AG grew its stake in Blue Owl Capital by 8.3% during the third quarter. Partners Group Holding AG now owns 1,940,155 shares of the company's stock valued at $32,847,000 after acquiring an additional 149,292 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $9.44 on Friday. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $21.08. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 94.37, a price-to-earnings-growth ratio of 1.08 and a beta of 1.21. The company has a fifty day moving average of $9.70 and a 200-day moving average of $13.31.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.05. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. The company had revenue of $701.47 million during the quarter, compared to analysts' expectations of $712.75 million. On average, equities research analysts forecast that Blue Owl Capital Inc. will post 0.9 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date was Friday, February 20th. Blue Owl Capital's dividend payout ratio is currently 900.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OWL shares. TD Cowen reduced their price objective on shares of Blue Owl Capital from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Monday, March 23rd. Evercore set a $14.00 price target on shares of Blue Owl Capital in a research note on Friday, February 6th. Piper Sandler cut their price target on shares of Blue Owl Capital from $15.00 to $12.50 and set an "overweight" rating for the company in a research note on Tuesday, April 7th. Weiss Ratings reissued a "hold (c)" rating on shares of Blue Owl Capital in a research note on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Blue Owl Capital from a "buy" rating to a "hold" rating and cut their price target for the stock from $15.00 to $10.00 in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.84.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.

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