Avior Wealth Management LLC Decreases Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Avior Wealth Management LLC reduced its position in Blue Owl Capital Inc. (NYSE:OWL) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,403 shares of the company’s stock after selling 2,872 shares during the quarter. Avior Wealth Management LLC’s holdings in Blue Owl Capital were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of OWL. Headlands Technologies LLC purchased a new stake in Blue Owl Capital in the third quarter worth $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Blue Owl Capital in the fourth quarter worth $32,000. Quantbot Technologies LP purchased a new stake in Blue Owl Capital in the first quarter worth $33,000. Private Trust Co. NA purchased a new stake in Blue Owl Capital in the third quarter worth $40,000. Finally, Salem Investment Counselors Inc. increased its position in Blue Owl Capital by 58.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock worth $47,000 after buying an additional 1,159 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on OWL shares. Evercore ISI raised their price target on Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. The Goldman Sachs Group raised their price target on Blue Owl Capital from $17.75 to $20.25 and gave the stock a “buy” rating in a report on Monday, February 12th. Piper Sandler raised their price target on Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Blue Owl Capital from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average target price of $19.48.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $18.37 on Friday. The firm has a market capitalization of $26.25 billion, a price-to-earnings ratio of 183.72, a P/E/G ratio of 1.19 and a beta of 1.27. Blue Owl Capital Inc. has a 52-week low of $9.70 and a 52-week high of $19.87. The stock has a fifty day moving average of $18.16 and a 200 day moving average of $15.47.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Blue Owl Capital had a return on equity of 17.31% and a net margin of 3.14%. The business had revenue of $494.04 million for the quarter, compared to the consensus estimate of $438.77 million. During the same quarter last year, the business posted $0.15 earnings per share. Equities analysts forecast that Blue Owl Capital Inc. will post 0.84 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 23rd were given a dividend of $0.14 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 3.05%. Blue Owl Capital’s payout ratio is 560.06%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $15.81, for a total transaction of $71,145,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 33.39% of the company’s stock.

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.