Numerai GP LLC Decreases Position in Blue Owl Capital Inc. (NYSE:OWL)

Numerai GP LLC reduced its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 44.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,438 shares of the company’s stock after selling 15,797 shares during the quarter. Numerai GP LLC’s holdings in Blue Owl Capital were worth $452,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rakuten Securities Inc. purchased a new stake in Blue Owl Capital during the 4th quarter worth $27,000. Allworth Financial LP grew its position in shares of Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after buying an additional 428 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Blue Owl Capital by 232.7% in 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 during the last quarter. Principal Securities Inc. increased its stake in shares of Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after buying an additional 450 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Blue Owl Capital by 182.2% during the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock worth $47,000 after acquiring an additional 1,310 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $19.31 on Friday. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The business’s fifty day moving average price is $18.68 and its two-hundred day moving average price is $21.74. The company has a market capitalization of $29.70 billion, a P/E ratio of 113.59, a PEG ratio of 1.23 and a beta of 1.21.

Blue Owl Capital (NYSE:OWL) last released its 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 analyst estimates of $636.44 million. On average, 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. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change 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 4.66%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 692.31%.

Analyst Ratings Changes

Several research firms have recently weighed in on OWL. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research report on Wednesday, April 16th. Barclays dropped their price target on Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Citigroup lowered their target price on shares of Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. UBS Group decreased their price target on shares of Blue Owl Capital from $26.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Finally, Piper Sandler cut 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 report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average price target of $23.56.

Blue Owl Capital Company 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.