Ethic Inc. Decreases Stock Holdings in Blue Owl Capital Inc. $OWL

Ethic Inc. trimmed its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 10.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,816 shares of the company’s stock after selling 4,637 shares during the period. Ethic Inc.’s holdings in Blue Owl Capital were worth $772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of OWL. Vanguard Group Inc. raised its holdings in shares of Blue Owl Capital by 13.5% during the 1st quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company’s stock worth $1,210,674,000 after acquiring an additional 7,206,495 shares in the last quarter. Cresset Asset Management LLC raised its holdings in shares of Blue Owl Capital by 4,278.0% during the 4th quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company’s stock worth $140,794,000 after acquiring an additional 5,914,804 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Blue Owl Capital by 163.2% during the 4th quarter. Voya Investment Management LLC now owns 5,177,288 shares of the company’s stock worth $120,424,000 after acquiring an additional 3,209,934 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Blue Owl Capital by 637.7% during the 4th quarter. Squarepoint Ops LLC now owns 2,046,747 shares of the company’s stock worth $47,607,000 after acquiring an additional 1,769,302 shares in the last quarter. Finally, Twinbeech Capital LP purchased a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $19,543,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on OWL shares. Keefe, Bruyette & Woods raised Blue Owl Capital from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $20.00 to $23.00 in a research report on Tuesday, May 20th. UBS Group cut their target price on Blue Owl Capital from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Oppenheimer boosted their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. Piper Sandler boosted their target price on Blue Owl Capital from $22.50 to $23.50 and gave the company an “overweight” rating in a research report on Wednesday, July 2nd. Finally, Evercore ISI boosted their target price on Blue Owl Capital from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.02.

Blue Owl Capital Stock Down 1.3%

Shares of Blue Owl Capital stock opened at $18.5820 on Thursday. The stock’s fifty day moving average is $19.41 and its two-hundred day moving average is $19.63. The company has a market capitalization of $28.79 billion, a PE ratio of 206.49, a price-to-earnings-growth ratio of 1.23 and a beta of 1.16. 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, July 31st. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $703.11 million for the quarter, compared to the consensus estimate of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. As a group, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Thursday, August 14th. Blue Owl Capital’s dividend payout ratio is 1,000.00%.

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.