Pinebridge Investments L.P. Trims Position in Blue Owl Capital Inc. (NYSE:OWL)

Pinebridge Investments L.P. cut its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 48.1% in the fourth quarter, according to its most recent 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 quarter. Pinebridge Investments L.P.’s holdings in Blue Owl Capital were worth $663,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of OWL. Rakuten Securities Inc. purchased a new position in Blue Owl Capital during the 4th quarter worth approximately $27,000. Allworth Financial LP lifted its stake in shares of Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after purchasing an additional 428 shares during the period. Jones Financial Companies Lllp boosted its holdings in Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after buying an additional 1,315 shares in the last quarter. Versant Capital Management Inc grew its position in Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after buying an additional 1,110 shares during the period. Finally, Principal Securities Inc. increased its holdings in Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after buying an additional 450 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OWL has been the topic of several recent analyst reports. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Barclays lowered 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 research note on Monday, April 7th. 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 research note on Friday, January 17th. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research note on Wednesday, April 16th. Finally, Piper Sandler lowered their target price on shares of Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.79.

Blue Owl Capital Trading Up 1.4 %

OWL stock opened at $18.75 on Tuesday. The company has a market cap of $28.83 billion, a price-to-earnings ratio of 110.30, a PEG ratio of 1.23 and a beta of 1.20. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The firm has a 50-day moving average of $19.23 and a two-hundred day moving average of $22.10.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, equities analysts forecast 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 was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a yield of 3.84%. Blue Owl Capital’s payout ratio is 423.53%.

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.