HUB Investment Partners LLC Sells 37,656 Shares of Blue Owl Capital Inc. (NYSE:OWL)

HUB Investment Partners LLC trimmed its position in Blue Owl Capital Inc. (NYSE:OWL) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 771,993 shares of the company’s stock after selling 37,656 shares during the period. HUB Investment Partners LLC owned approximately 0.05% of Blue Owl Capital worth $17,957,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in 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. increased its holdings in Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after purchasing an additional 1,372,865 shares in the last quarter. State Street Corp increased its holdings in Blue Owl Capital by 5.6% during the 3rd quarter. State Street Corp now owns 8,452,073 shares of the company’s stock worth $163,632,000 after purchasing an additional 449,066 shares in the last quarter. Geode Capital Management LLC increased its holdings in Blue Owl Capital by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock worth $157,870,000 after purchasing an additional 1,016,505 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in Blue Owl Capital by 4.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock worth $130,415,000 after purchasing an additional 293,221 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 6.2 %

OWL opened at $21.06 on Thursday. The stock has a market cap of $32.38 billion, a PE ratio of 123.87, a P/E/G ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a 52 week low of $15.18 and a 52 week high of $26.73. The business’s fifty day simple moving average is $22.76 and its 200 day simple moving average is $22.14.

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

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 annualized dividend and a yield of 3.42%. Blue Owl Capital’s payout ratio is 423.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company cut their target price on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their target price on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their target price for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $28.00 in a research note on Thursday, January 16th. Finally, Barclays began coverage on Blue Owl Capital in a research note on Monday, February 24th. They issued an “overweight” rating and a $29.00 price objective on the stock. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.48.

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.