Blue Owl Capital Inc. (NYSE:OWL) is Cortland Associates Inc. MO's 8th Largest Position

Cortland Associates Inc. MO lessened its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,004,024 shares of the company's stock after selling 34,220 shares during the quarter. Blue Owl Capital accounts for 5.3% of Cortland Associates Inc. MO's portfolio, making the stock its 8th largest position. Cortland Associates Inc. MO owned approximately 0.13% of Blue Owl Capital worth $46,614,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in shares of Blue Owl Capital in the 3rd quarter valued at about $32,000. Versant Capital Management Inc lifted its holdings in Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock valued at $45,000 after acquiring an additional 1,110 shares during the period. Blue Trust Inc. boosted its position in Blue Owl Capital by 182.2% in the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock worth $47,000 after purchasing an additional 1,310 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Blue Owl Capital during the 3rd quarter worth approximately $138,000. Finally, Wedmont Private Capital acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $204,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. JMP Securities reissued a "market outperform" rating and set a $27.00 target price on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Citigroup restated a "buy" rating and issued a $30.00 price target on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their price target on Blue Owl Capital from $25.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $25.85.

Blue Owl Capital Stock Up 0.6 %

Shares of OWL traded up $0.17 during midday trading on Thursday, reaching $25.81. The company had a trading volume of 1,817,651 shares, compared to its average volume of 6,466,300. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73. The firm has a 50 day simple moving average of $23.92 and a 200-day simple moving average of $21.13. The stock has a market cap of $38.54 billion, a PE ratio of 152.44, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The firm had revenue of $600.88 million during the quarter, compared to analysts' expectations of $565.93 million. During the same period last year, the business earned $0.16 earnings per share. As a group, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

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.