Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Stone Point Capital LLC

Stone Point Capital LLC reduced its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 57.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,727,878 shares of the company's stock after selling 3,624,169 shares during the period. Blue Owl Capital comprises 5.2% of Stone Point Capital LLC's investment portfolio, making the stock its 3rd largest holding. Stone Point Capital LLC owned approximately 0.18% of Blue Owl Capital worth $63,450,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in OWL. Raymond James Trust N.A. boosted its stake in shares of Blue Owl Capital by 9.9% in the 3rd quarter. Raymond James Trust N.A. now owns 12,332 shares of the company's stock valued at $239,000 after buying an additional 1,115 shares during the period. Cerity Partners LLC lifted its stake in Blue Owl Capital by 3.2% in the third quarter. Cerity Partners LLC now owns 190,455 shares of the company's stock worth $3,687,000 after acquiring an additional 5,874 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Blue Owl Capital by 14.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 114,277 shares of the company's stock worth $2,212,000 after acquiring an additional 14,411 shares in the last quarter. FMR LLC increased its position in shares of Blue Owl Capital by 29.9% in the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company's stock valued at $683,874,000 after purchasing an additional 8,138,475 shares during the last quarter. Finally, Fiduciary Trust Co raised its holdings in shares of Blue Owl Capital by 31.3% in the 3rd quarter. Fiduciary Trust Co now owns 56,665 shares of the company's stock valued at $1,097,000 after purchasing an additional 13,498 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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Blue Owl Capital Trading Down 0.3 %

Shares of NYSE OWL traded down $0.07 during midday trading on Monday, reaching $20.08. 6,295,261 shares of the company were exchanged, compared to its average volume of 6,088,117. The stock has a fifty day simple moving average of $22.46 and a 200 day simple moving average of $22.38. The stock has a market cap of $30.89 billion, a P/E ratio of 118.15, a PEG ratio of 1.23 and a beta of 1.19. 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 posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share 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%. As a group, analysts forecast 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 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 annualized dividend and a yield of 3.58%. Blue Owl Capital's dividend payout ratio is currently 423.53%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JMP Securities reissued a "market outperform" rating and issued a $32.00 target price (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Oppenheimer raised their target price on Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Wells Fargo & Company lowered their price target on Blue Owl Capital from $24.00 to $22.00 and set an "equal weight" rating for the company in a report on Thursday, March 20th. Barclays initiated coverage on shares of Blue Owl Capital in a report on Monday, February 24th. They issued an "overweight" rating and a $29.00 target price for the company. Finally, Citigroup reiterated a "buy" rating and set a $30.00 price target on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.

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.