Ceredex Value Advisors LLC Trims Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Ceredex Value Advisors LLC reduced its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 30.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,220,300 shares of the company's stock after selling 540,600 shares during the quarter. Ceredex Value Advisors LLC owned about 0.08% of Blue Owl Capital worth $28,384,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Insigneo Advisory Services LLC increased its stake in Blue Owl Capital by 19.0% in the fourth quarter. Insigneo Advisory Services LLC now owns 14,878 shares of the company's stock valued at $346,000 after purchasing an additional 2,373 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Blue Owl Capital by 437.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 293,330 shares of the company's stock worth $6,823,000 after buying an additional 238,730 shares during the last quarter. Gabelli Funds LLC boosted its stake in Blue Owl Capital by 63.3% in the fourth quarter. Gabelli Funds LLC now owns 342,105 shares of the company's stock valued at $7,957,000 after acquiring an additional 132,605 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $417,000. Finally, Mariner LLC grew its holdings in Blue Owl Capital by 4.2% during the fourth quarter. Mariner LLC now owns 52,296 shares of the company's stock valued at $1,216,000 after purchasing an additional 2,116 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded down $1.22 during mid-day trading on Monday, hitting $16.19. The company's stock had a trading volume of 3,450,757 shares, compared to its average volume of 6,601,894. The business has a 50 day moving average price of $19.95 and a 200-day moving average price of $22.23. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The stock has a market cap of $24.90 billion, a price-to-earnings ratio of 95.24, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, equities research 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 announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid 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 dividend yield of 4.45%. Blue Owl Capital's dividend payout ratio (DPR) is presently 423.53%.

Wall Street Analyst Weigh In

OWL has been the topic of a number of research reports. TD Cowen upgraded Blue Owl Capital from a "hold" rating to a "buy" rating and boosted their price objective for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Evercore ISI upped their price target 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 lowered their target price on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. JMP Securities reduced their price target on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Oppenheimer set a $24.00 target price on Blue Owl Capital and gave the company an "outperform" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $23.79.

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.