Numerai GP LLC Lowers Position in Blue Owl Capital Inc. (NYSE:OWL)

Numerai GP LLC lessened its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 44.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,438 shares of the company's stock after selling 15,797 shares during the quarter. Numerai GP LLC's holdings in Blue Owl Capital were worth $452,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth $27,000. Allworth Financial LP lifted its stake in shares of Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after purchasing an additional 428 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Blue Owl Capital by 232.7% during the 4th 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. Principal Securities Inc. increased its holdings in Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after purchasing an additional 450 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Blue Owl Capital by 182.2% in the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock valued at $47,000 after buying an additional 1,310 shares in the last quarter. Institutional investors own 35.85% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on OWL shares. Wells Fargo & Company increased their target price on Blue Owl Capital from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Citigroup dropped their target price on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Barclays decreased their price target on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Oppenheimer set a $24.00 price objective on Blue Owl Capital and gave the company an "outperform" rating in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $20.00 to $23.00 in a research note on Tuesday. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.33.

Blue Owl Capital Price Performance

OWL stock traded down $0.37 during midday trading on Wednesday, reaching $18.69. The company had a trading volume of 3,638,804 shares, compared to its average volume of 6,809,067. The firm has a 50-day moving average price of $18.71 and a 200-day moving average price of $21.66. The company has a market capitalization of $28.73 billion, a P/E ratio of 109.92, a P/E/G ratio of 1.23 and a beta of 1.21. 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, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. The company had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a $0.225 dividend. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.82%. Blue Owl Capital's payout ratio is presently 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.