Blue Owl Capital Inc. (NYSE:OWL) Stock Holdings Lessened by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lowered its position in Blue Owl Capital Inc. (NYSE:OWL) by 3.0% in the first quarter, Holdings Channel.com reports. The firm owned 1,416,970 shares of the company’s stock after selling 44,177 shares during the quarter. Blue Owl Capital makes up about 2.0% of Transcend Capital Advisors LLC’s holdings, making the stock its 7th largest position. Transcend Capital Advisors LLC’s holdings in Blue Owl Capital were worth $28,396,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dynasty Wealth Management LLC lifted its position in Blue Owl Capital by 0.5% in the fourth quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company’s stock valued at $1,828,000 after purchasing an additional 417 shares during the period. Principal Securities Inc. lifted its position 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 purchasing an additional 450 shares during the period. Vise Technologies Inc. lifted its position in Blue Owl Capital by 4.6% in the fourth quarter. Vise Technologies Inc. now owns 10,947 shares of the company’s stock valued at $255,000 after purchasing an additional 478 shares during the period. Teza Capital Management LLC lifted its position in Blue Owl Capital by 1.7% in the fourth quarter. Teza Capital Management LLC now owns 28,929 shares of the company’s stock valued at $673,000 after purchasing an additional 485 shares during the period. Finally, State of Wyoming lifted its position in Blue Owl Capital by 27.1% in the fourth quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $55,000 after purchasing an additional 503 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 0.7%

OWL stock opened at $19.16 on Friday. The firm has a 50 day moving average of $18.66 and a 200-day moving average of $20.84. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The company has a market cap of $29.47 billion, a price-to-earnings ratio of 147.40, a PEG ratio of 1.28 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. The business had revenue of $620.19 million for the quarter, compared to analysts’ expectations of $636.44 million. Sell-side analysts forecast 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 was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.70%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, May 14th. Blue Owl Capital’s dividend payout ratio (DPR) is 692.31%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OWL. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $20.00 to $23.00 in a research report on Tuesday, May 20th. Citigroup reduced their price objective on shares of Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Oppenheimer set a $24.00 price objective on shares of Blue Owl Capital and gave the company an “outperform” rating in a research report on Wednesday, April 16th. Wells Fargo & Company lifted their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, May 23rd. Finally, Cfra Research upgraded shares of Blue Owl Capital to a “moderate buy” rating in a research report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.81.

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.