Rockefeller Capital Management L.P. Sells 323,102 Shares of Blue Owl Capital Inc. $OWL

Rockefeller Capital Management L.P. reduced its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 34.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 606,503 shares of the company’s stock after selling 323,102 shares during the period. Rockefeller Capital Management L.P.’s holdings in Blue Owl Capital were worth $9,061,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arax Advisory Partners purchased a new position in shares of Blue Owl Capital in the fourth quarter worth $25,000. Roxbury Financial LLC increased its stake in Blue Owl Capital by 383.6% in the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after acquiring an additional 1,400 shares during the last quarter. Toronto Dominion Bank bought a new stake in Blue Owl Capital in the 4th quarter worth approximately $26,000. Lavaca Capital LLC purchased a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $28,000. Finally, Halbert Hargrove Global Advisors LLC grew its holdings in shares of Blue Owl Capital by 83.5% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 910 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Up 0.2%

Shares of OWL opened at $8.48 on Friday. The company has a market cap of $13.19 billion, a PE ratio of 70.71, a P/E/G ratio of 0.89 and a beta of 1.20. The business has a fifty day moving average of $9.72 and a 200 day moving average of $11.50. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $21.08.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The business had revenue of $699.88 million for the quarter, compared to analysts’ expectations of $687.23 million. As a group, research analysts anticipate that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 10.8%. The ex-dividend date was Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s payout ratio is currently 766.67%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on OWL shares. Citizens Jmp decreased their price target on shares of Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. BMO Capital Markets decreased their target price on shares of Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Oppenheimer lowered their price target on shares of Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Finally, TD Cowen reiterated a “buy” rating and issued a $14.00 price target on shares of Blue Owl Capital in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.04.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.