Blue Owl Capital Inc. (NYSE:OWL) Stock Position Decreased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp trimmed its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 24.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 503,300 shares of the company's stock after selling 159,600 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Blue Owl Capital were worth $11,707,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in OWL. Barclays PLC grew its holdings in shares of Blue Owl Capital by 13.7% during the third quarter. Barclays PLC now owns 1,571,806 shares of the company's stock worth $30,430,000 after buying an additional 189,082 shares during the last quarter. Wedmont Private Capital purchased a new position in Blue Owl Capital in the 4th quarter valued at about $204,000. Miracle Mile Advisors LLC boosted its stake in Blue Owl Capital by 4.1% in the 4th quarter. Miracle Mile Advisors LLC now owns 12,289 shares of the company's stock worth $286,000 after buying an additional 479 shares during the last quarter. Capital CS Group LLC purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at $620,000. Finally, Oak Thistle LLC grew its holdings in shares of Blue Owl Capital by 474.6% during the 4th quarter. Oak Thistle LLC now owns 94,672 shares of the company's stock worth $2,202,000 after purchasing an additional 78,196 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

NYSE:OWL traded up $0.16 during midday trading on Friday, reaching $19.48. 4,937,725 shares of the company traded hands, compared to its average volume of 6,795,815. The firm has a market capitalization of $29.95 billion, a price-to-earnings ratio of 114.58, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. The company has a fifty day moving average price of $18.68 and a 200 day moving average price of $21.74. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data 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). Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. The firm had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. On average, equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a $0.225 dividend. This is a boost 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 annualized dividend and a dividend yield of 4.62%. Blue Owl Capital's dividend payout ratio is presently 692.31%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on OWL shares. Citigroup decreased their price target on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Piper Sandler dropped their price target on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. TD Cowen raised shares of Blue Owl Capital from a "hold" rating to a "buy" rating and upped their price objective for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Evercore ISI lifted their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, January 17th. Finally, UBS Group dropped their price target 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. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.56.

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.