Transcend Capital Advisors LLC Sells 69,238 Shares of Blue Owl Capital Inc. $OWL

Transcend Capital Advisors LLC cut its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,012,784 shares of the company’s stock after selling 69,238 shares during the quarter. Blue Owl Capital accounts for 1.2% of Transcend Capital Advisors LLC’s portfolio, making the stock its 13th biggest holding. Transcend Capital Advisors LLC owned approximately 0.06% of Blue Owl Capital worth $15,131,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OWL. Capital World Investors raised its holdings in Blue Owl Capital by 1.4% in the 3rd quarter. Capital World Investors now owns 85,216,556 shares of the company’s stock valued at $1,442,725,000 after acquiring an additional 1,143,201 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Blue Owl Capital by 7.9% during the third quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock valued at $1,149,833,000 after purchasing an additional 4,968,526 shares during the period. Capital International Investors raised its stake in shares of Blue Owl Capital by 3.5% in the third quarter. Capital International Investors now owns 62,726,334 shares of the company’s stock valued at $1,061,999,000 after purchasing an additional 2,141,873 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Blue Owl Capital by 8.4% in the third quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock valued at $382,008,000 after purchasing an additional 1,751,024 shares in the last quarter. Finally, Boston Partners lifted its position in Blue Owl Capital by 121.9% in the third quarter. Boston Partners now owns 12,153,776 shares of the company’s stock worth $205,493,000 after purchasing an additional 6,677,610 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

Shares of NYSE OWL opened at $8.45 on Tuesday. The stock has a market cap of $13.13 billion, a PE ratio of 84.46, a PEG ratio of 0.89 and a beta of 1.21. The business has a fifty day moving average of $10.12 and a two-hundred day moving average of $13.66. 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 earnings results on Thursday, February 5th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $701.47 million for the quarter, compared to analyst estimates of $712.75 million. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. Analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 20th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend was Friday, February 20th. Blue Owl Capital’s dividend payout ratio is currently 900.00%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on OWL shares. BMO Capital Markets decreased their price target on shares of Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. The Goldman Sachs Group decreased their target price on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Zacks Research cut shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Wolfe Research set a $20.00 price target on shares of Blue Owl Capital in a research report on Wednesday, January 7th. Finally, Evercore set a $14.00 price target on shares of Blue Owl Capital in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.97.

Blue Owl Capital 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.