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

Catalyst Capital Advisors LLC reduced its stake in Blue Owl Capital Inc. (NYSE:OWL) by 29.7% in the fourth quarter, HoldingsChannel reports. The fund owned 30,475 shares of the company’s stock after selling 12,875 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Blue Owl Capital were worth $709,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in Blue Owl Capital by 43.3% during the fourth 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 last quarter. Principal Securities Inc. lifted its stake in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after purchasing an additional 450 shares during the last quarter. Versant Capital Management Inc lifted its stake in Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after purchasing an additional 1,110 shares during the last quarter. Blue Trust Inc. lifted its stake in Blue Owl Capital by 182.2% during the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock valued at $47,000 after purchasing an additional 1,310 shares during the last quarter. Finally, Copeland Capital Management LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $103,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.00 to $24.75 in a report on Monday, January 6th. Wells Fargo & Company cut their target price on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Citigroup restated a “buy” rating and issued a $30.00 price target on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.27.

Blue Owl Capital Stock Up 2.0 %

Shares of OWL stock opened at $23.99 on Tuesday. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The company has a market capitalization of $35.82 billion, a P/E ratio of 141.10, a P/E/G ratio of 1.34 and a beta of 1.15. The firm has a 50-day moving average price of $24.09 and a 200 day moving average price of $21.64.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (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, research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is presently 423.55%.

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.