Caz Investments LP Sells 274,900 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Caz Investments LP lessened its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 96.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,100 shares of the company's stock after selling 274,900 shares during the period. Blue Owl Capital comprises 0.3% of Caz Investments LP's holdings, making the stock its 11th biggest holding. Caz Investments LP's holdings in Blue Owl Capital were worth $235,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in Blue Owl Capital in the 4th quarter valued at approximately $27,000. Allworth Financial LP lifted its holdings in Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after buying an additional 428 shares during the period. Jones Financial Companies Lllp grew its position in shares of Blue Owl Capital by 232.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock valued at $44,000 after buying an additional 1,315 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock worth $45,000 after acquiring an additional 1,110 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after acquiring an additional 450 shares during the period. Institutional investors and hedge funds own 35.85% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Piper Sandler upped 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. Citigroup reiterated a "buy" rating and issued a $30.00 price objective on shares of Blue Owl Capital in a research note on Thursday, January 23rd. The Goldman Sachs Group lowered 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 report on Monday, January 6th. Finally, Evercore ISI upped their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $26.33.

Blue Owl Capital Price Performance

Shares of NYSE OWL traded down $0.07 during trading on Monday, hitting $20.08. The stock had a trading volume of 6,295,261 shares, compared to its average volume of 6,088,117. The firm has a fifty day moving average of $22.46 and a two-hundred day moving average of $22.38. The company has a market capitalization of $30.89 billion, a PE ratio of 118.15, 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.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting 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, equities analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 3.58%. Blue Owl Capital's dividend payout ratio (DPR) is currently 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.