Sanctuary Advisors LLC Sells 11,674 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Sanctuary Advisors LLC cut its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 15.4% in the fourth quarter, Holdings Channel reports. The fund owned 64,195 shares of the company’s stock after selling 11,674 shares during the period. Sanctuary Advisors LLC’s holdings in Blue Owl Capital were worth $1,657,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in shares of Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after purchasing an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after buying an additional 1,372,865 shares during the last quarter. State Street Corp increased its holdings in shares of Blue Owl Capital by 5.6% during the third quarter. State Street Corp now owns 8,452,073 shares of the company’s stock worth $163,632,000 after buying an additional 449,066 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Blue Owl Capital by 14.2% in the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after acquiring an additional 1,016,505 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in shares of Blue Owl Capital by 4.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock worth $130,415,000 after acquiring an additional 293,221 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE OWL opened at $21.79 on Tuesday. Blue Owl Capital Inc. has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The firm has a market capitalization of $32.54 billion, a P/E ratio of 128.16, a P/E/G ratio of 1.23 and a beta of 1.15. The company’s 50 day simple moving average is $23.95 and its 200 day simple moving average is $21.88.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results 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 return on equity of 20.82% and a net margin of 4.77%. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.55%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on OWL shares. TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and raised their price target for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their target price on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup reiterated a “buy” rating and set a $30.00 price target on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Oppenheimer raised their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, JMP Securities reiterated a “market outperform” rating and set a $32.00 target price (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Four 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $26.48.

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.