Pinebridge Investments L.P. Sells 26,432 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Pinebridge Investments L.P. cut its stake in Blue Owl Capital Inc. (NYSE:OWL) by 48.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,489 shares of the company’s stock after selling 26,432 shares during the period. Pinebridge Investments L.P.’s holdings in Blue Owl Capital were worth $663,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in OWL. Rakuten Securities Inc. bought a new position in shares of Blue Owl Capital in the fourth quarter worth about $27,000. Allworth Financial LP grew its holdings in shares of Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after purchasing an additional 428 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after purchasing an additional 1,315 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Principal Securities Inc. grew 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 purchasing an additional 450 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Up 1.4 %

Shares of Blue Owl Capital stock opened at $18.75 on Tuesday. The firm has a market capitalization of $28.83 billion, a P/E ratio of 110.30, a PEG ratio of 1.23 and a beta of 1.20. The company has a 50 day moving average price of $19.23 and a 200 day moving average price of $22.10. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s payout ratio is currently 423.53%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OWL. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Barclays dropped their target price on shares of Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Evercore ISI increased their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, Wells Fargo & Company dropped their target price on shares of Blue Owl Capital from $22.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $23.79.

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.