HUB Investment Partners LLC Reduces Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

HUB Investment Partners LLC reduced its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 771,993 shares of the company’s stock after selling 37,656 shares during the period. HUB Investment Partners LLC’s holdings in Blue Owl Capital were worth $17,957,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Maestria Partners LLC purchased a new stake in Blue Owl Capital in the fourth quarter worth about $16,654,000. Harvest Fund Management Co. Ltd lifted its holdings in Blue Owl Capital by 963.5% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 14,166 shares of the company’s stock worth $330,000 after buying an additional 12,834 shares during the period. Xponance Inc. lifted its holdings in Blue Owl Capital by 8.7% in the fourth quarter. Xponance Inc. now owns 68,660 shares of the company’s stock worth $1,597,000 after buying an additional 5,468 shares during the period. Corient Private Wealth LLC lifted its holdings in Blue Owl Capital by 33.6% in the fourth quarter. Corient Private Wealth LLC now owns 153,502 shares of the company’s stock worth $3,571,000 after buying an additional 38,635 shares during the period. Finally, Avalon Trust Co bought a new position in shares of Blue Owl Capital during the fourth quarter valued at approximately $18,128,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OWL. The Goldman Sachs Group downgraded shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their target price for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Evercore ISI raised their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Barclays assumed coverage on shares of Blue Owl Capital in a research report on Monday, February 24th. They set an “overweight” rating and a $29.00 price target for the company. Piper Sandler raised their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Finally, Oppenheimer raised their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.48.

Blue Owl Capital Trading Up 6.2 %

Shares of NYSE:OWL opened at $21.06 on Thursday. The company has a market capitalization of $32.38 billion, a price-to-earnings ratio of 123.87, a PEG ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a 12 month low of $15.18 and a 12 month high of $26.73. The firm’s 50-day moving average is $22.76 and its 200 day moving average is $22.14.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, equities analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.42%. Blue Owl Capital’s payout ratio is 423.53%.

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.