Westfield Capital Management Co. LP Trims Stake in Blue Owl Capital Inc. (NYSE:OWL)

Westfield Capital Management Co. LP decreased its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 8.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,251,539 shares of the company's stock after selling 377,884 shares during the period. Westfield Capital Management Co. LP owned about 0.30% of Blue Owl Capital worth $63,348,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of Blue Owl Capital by 159.5% in the 4th quarter. Franklin Resources Inc. now owns 1,865,492 shares of the company's stock worth $27,796,000 after purchasing an additional 1,146,734 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $1,223,000. Corient Private Wealth LLC boosted its position in shares of Blue Owl Capital by 3.8% in the 4th quarter. Corient Private Wealth LLC now owns 190,219 shares of the company's stock worth $2,834,000 after purchasing an additional 6,956 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Blue Owl Capital by 12.1% in the 4th quarter. Wells Fargo & Company MN now owns 715,309 shares of the company's stock worth $10,658,000 after purchasing an additional 76,935 shares in the last quarter. Finally, Thoroughbred Financial Services LLC boosted its position in shares of Blue Owl Capital by 85.0% in the 4th quarter. Thoroughbred Financial Services LLC now owns 35,620 shares of the company's stock worth $530,000 after purchasing an additional 16,370 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 NYSE OWL traded up $0.44 during midday trading on Friday, hitting $19.27. 4,180,740 shares of the stock traded hands, compared to its average volume of 5,663,638. The firm has a 50-day moving average of $18.62 and a two-hundred day moving average of $16.53. The firm has a market capitalization of $27.53 billion, a P/E ratio of 160.58, a PEG ratio of 1.11 and a beta of 1.24. Blue Owl Capital Inc. has a one year low of $9.70 and a one year high of $19.87.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $486.55 million for the quarter, compared to analysts' expectations of $478.47 million. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. Equities analysts forecast that Blue Owl Capital Inc. will post 0.82 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.74%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.14. The ex-dividend date is Monday, May 20th. Blue Owl Capital's dividend payout ratio is 600.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, April 18th. Citigroup reaffirmed a "buy" rating and issued a $21.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, May 14th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $19.00 price objective on shares of Blue Owl Capital in a research report on Thursday, April 4th. UBS Group raised Blue Owl Capital from a "neutral" rating to a "buy" rating and upped their price objective for the company from $18.00 to $22.00 in a research report on Tuesday, April 2nd. Finally, Piper Sandler upped their price objective on Blue Owl Capital from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $20.43.

Blue Owl Capital 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.

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