M.D. Sass LLC Reduces Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

M.D. Sass LLC cut its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 30.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 157,586 shares of the company's stock after selling 69,452 shares during the period. Blue Owl Capital makes up 0.3% of M.D. Sass LLC's holdings, making the stock its 28th largest position. M.D. Sass LLC's holdings in Blue Owl Capital were worth $3,665,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of OWL. Global Retirement Partners LLC boosted its holdings in Blue Owl Capital by 1.6% in the fourth quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock valued at $593,000 after purchasing an additional 413 shares during the last quarter. Dynasty Wealth Management LLC raised its position in Blue Owl Capital by 0.5% during the fourth quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock valued at $1,828,000 after acquiring an additional 417 shares in the last quarter. Allworth Financial LP lifted its holdings in Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after acquiring an additional 428 shares during the period. Kovitz Investment Group Partners LLC boosted its position in Blue Owl Capital by 1.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company's stock worth $622,000 after purchasing an additional 443 shares in the last quarter. Finally, Principal Securities Inc. grew its stake in shares of Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after purchasing an additional 450 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Blue Owl Capital Stock Performance

Shares of OWL traded down $0.22 during trading hours on Friday, hitting $20.19. 5,394,143 shares of the stock were exchanged, compared to its average volume of 6,087,295. The stock's 50-day moving average price is $22.46 and its two-hundred day moving average price is $22.35. The company has a market cap of $31.04 billion, a price-to-earnings ratio of 118.74, a price-to-earnings-growth 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.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is currently 423.53%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on OWL shares. Citigroup reiterated a "buy" rating and issued a $30.00 target price on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Barclays assumed coverage on shares of Blue Owl Capital in a research report on Monday, February 24th. They issued an "overweight" rating and a $29.00 price objective for the company. Wells Fargo & Company dropped their target price on Blue Owl Capital from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. Piper Sandler upped their price target on Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, December 23rd. Finally, Keefe, Bruyette & Woods increased their price target on Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a research report on Friday, December 20th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $26.33.

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.