Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC cut its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,659,029 shares of the company’s stock after selling 11,795 shares during the period. Blue Owl Capital accounts for approximately 2.2% of Transcend Capital Advisors LLC’s portfolio, making the stock its 5th biggest holding. Transcend Capital Advisors LLC’s holdings in Blue Owl Capital were worth $24,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Truist Financial Corp lifted its position in Blue Owl Capital by 9.2% in the fourth quarter. Truist Financial Corp now owns 983,040 shares of the company’s stock worth $14,647,000 after purchasing an additional 83,077 shares during the period. Townsend Asset Management Corp NC ADV lifted its position in Blue Owl Capital by 27.6% in the fourth quarter. Townsend Asset Management Corp NC ADV now owns 144,815 shares of the company’s stock worth $2,158,000 after purchasing an additional 31,300 shares during the period. Telemus Capital LLC lifted its position in Blue Owl Capital by 8.0% in the fourth quarter. Telemus Capital LLC now owns 45,292 shares of the company’s stock worth $675,000 after purchasing an additional 3,344 shares during the period. Duality Advisers LP acquired a new stake in Blue Owl Capital in the fourth quarter worth approximately $421,000. Finally, Handelsbanken Fonder AB lifted its position in Blue Owl Capital by 50.5% in the fourth quarter. Handelsbanken Fonder AB now owns 83,100 shares of the company’s stock worth $1,238,000 after purchasing an additional 27,900 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OWL. Deutsche Bank Aktiengesellschaft upped their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. JMP Securities restated a “market outperform” rating and issued a $24.00 target price on shares of Blue Owl Capital in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a report on Thursday, April 4th. Piper Sandler upped their price target on Blue Owl Capital from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Finally, Evercore ISI upped their price target on Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.48.

Insider Transactions at Blue Owl Capital

In other news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $15.81, for a total value of $71,145,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 33.39% of the stock is currently owned by company insiders.

Blue Owl Capital Trading Up 1.2 %

NYSE:OWL traded up $0.22 during trading hours on Friday, hitting $18.79. 2,294,565 shares of the stock traded hands, compared to its average volume of 3,638,596. The firm has a 50 day moving average price of $18.26 and a 200 day moving average price of $15.70. Blue Owl Capital Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $19.87. The firm has a market cap of $26.85 billion, a price-to-earnings ratio of 187.92, a PEG ratio of 1.20 and a beta of 1.27.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. The business had revenue of $494.04 million for the quarter, compared to the consensus estimate of $438.77 million. During the same period in the prior year, the business posted $0.15 earnings per share. Research analysts predict that Blue Owl Capital Inc. will post 0.84 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 23rd were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Thursday, February 22nd. Blue Owl Capital’s dividend payout ratio (DPR) is presently 560.06%.

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.