Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 60.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 209,855 shares of the company's stock after selling 323,747 shares during the period. Sei Investments Co.'s holdings in Blue Owl Capital were worth $4,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $27,000. Allworth Financial LP lifted its stake in Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after buying an additional 428 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Blue Owl Capital by 232.7% during 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 increased its position 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 worth $45,000 after buying an additional 1,110 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings 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 last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of analysts recently commented on OWL shares. TD Cowen raised Blue Owl Capital from a "hold" rating to a "buy" rating and increased their price objective for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Keefe, Bruyette & Woods boosted their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. Citigroup restated a "buy" rating and set a $30.00 target price on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Finally, Piper Sandler raised their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.

Blue Owl Capital Trading Down 11.4 %

NYSE:OWL traded down $2.04 during mid-day trading on Friday, hitting $15.87. The company had a trading volume of 20,113,605 shares, compared to its average volume of 6,199,247. The business has a fifty day simple moving average of $21.82 and a 200-day simple moving average of $22.43. The firm has a market capitalization of $24.41 billion, a price-to-earnings ratio of 93.38, a PEG ratio of 1.23 and a beta of 1.20. Blue Owl Capital Inc. has a 1 year low of $15.18 and a 1 year high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.21 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%. As a group, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.54%. Blue Owl Capital's payout ratio is currently 423.53%.

About Blue Owl Capital

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.