Blue Owl Capital Inc. (NYSE:OWL) Position Reduced by Morse Asset Management Inc

Morse Asset Management Inc decreased its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,600 shares of the company’s stock after selling 1,000 shares during the period. Morse Asset Management Inc’s holdings in Blue Owl Capital were worth $293,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company’s stock valued at $1,052,309,000 after buying an additional 9,917,071 shares in the last quarter. Capital World Investors increased its holdings in shares of Blue Owl Capital by 14.5% in the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock valued at $1,794,943,000 after buying an additional 9,794,102 shares in the last quarter. Cresset Asset Management LLC increased its holdings in shares of Blue Owl Capital by 4,278.0% in the fourth quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company’s stock valued at $140,794,000 after buying an additional 5,914,804 shares in the last quarter. Norges Bank bought a new position in shares of Blue Owl Capital in the fourth quarter valued at $137,118,000. Finally, Vanguard Group Inc. increased its holdings in shares of Blue Owl Capital by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock valued at $1,237,581,000 after buying an additional 5,558,868 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group dropped their price target on Blue Owl Capital from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the company an “outperform” rating in a research note on Wednesday, April 16th. Cfra Research raised shares of Blue Owl Capital to a “moderate buy” rating in a research note on Thursday, March 27th. JMP Securities cut their target price on shares of Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Finally, Evercore ISI boosted their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.56.

Blue Owl Capital Stock Up 1.6%

Blue Owl Capital stock opened at $19.96 on Wednesday. The company’s fifty day simple moving average is $18.66 and its 200-day simple moving average is $21.77. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The stock has a market cap of $30.70 billion, a P/E ratio of 117.42, a P/E/G ratio of 1.23 and a beta of 1.21.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. The company had revenue of $620.19 million for the quarter, compared to analysts’ expectations of $636.44 million. On average, equities research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, May 14th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a yield of 4.51%. Blue Owl Capital’s dividend payout ratio is currently 692.31%.

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.