Blue Owl Capital Inc. (NYSE:OWL) Stock Holdings Lowered by Newlight Partners LP

Newlight Partners LP lowered its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 45.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,661,009 shares of the company’s stock after selling 3,825,613 shares during the period. Blue Owl Capital makes up approximately 41.2% of Newlight Partners LP’s holdings, making the stock its 2nd biggest position. Newlight Partners LP owned approximately 0.33% of Blue Owl Capital worth $69,449,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OWL. SG Americas Securities LLC bought a new stake in shares of Blue Owl Capital in the third quarter worth $126,000. Private Trust Co. NA bought a new stake in shares of Blue Owl Capital during the 3rd quarter valued at about $40,000. Xponance Inc. lifted its stake in shares of Blue Owl Capital by 10.2% in the 3rd quarter. Xponance Inc. now owns 23,007 shares of the company’s stock worth $298,000 after purchasing an additional 2,131 shares during the period. Raymond James & Associates boosted its holdings in shares of Blue Owl Capital by 22.2% in the third quarter. Raymond James & Associates now owns 306,394 shares of the company’s stock worth $3,971,000 after buying an additional 55,594 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Blue Owl Capital by 2.0% in the third quarter. Bank of New York Mellon Corp now owns 2,472,484 shares of the company’s stock worth $32,043,000 after buying an additional 47,397 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

OWL has been the topic of several recent research reports. The Goldman Sachs Group increased their price target on shares of Blue Owl Capital from $17.75 to $20.25 and gave the stock a “buy” rating in a research report on Monday, February 12th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $19.00 target price on shares of Blue Owl Capital in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft upped their price target on Blue Owl Capital from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. JMP Securities reaffirmed a “market outperform” rating and set a $24.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, April 9th. Finally, Piper Sandler increased their target price on shares of Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.48.

Blue Owl Capital Price Performance

Shares of OWL stock traded up $0.25 during mid-day trading on Monday, hitting $19.04. The company had a trading volume of 5,126,420 shares, compared to its average volume of 4,370,758. The company has a market capitalization of $27.20 billion, a P/E ratio of 190.42, a P/E/G ratio of 1.22 and a beta of 1.27. The stock’s 50 day moving average price is $18.29 and its 200-day moving average price is $15.76. Blue Owl Capital Inc. has a 52-week low of $9.70 and a 52-week high of $19.87.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Friday, February 9th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $494.04 million during the quarter, compared to the consensus estimate of $438.77 million. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, equities research analysts expect that Blue Owl Capital Inc. will post 0.84 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 23rd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.94%. Blue Owl Capital’s dividend payout ratio is currently 560.06%.

Blue Owl Capital 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.