Danica Pension Livsforsikringsaktieselskab cut its position in shares of Blue Owl Capital Inc. (NYSE:OWL – Free Report) by 66.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,406,061 shares of the company’s stock after selling 2,743,536 shares during the period. Danica Pension Livsforsikringsaktieselskab’s holdings in Blue Owl Capital were worth $12,837,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Arax Advisory Partners bought a new stake in Blue Owl Capital in the 4th quarter worth approximately $25,000. Toronto Dominion Bank purchased a new stake in Blue Owl Capital during the fourth quarter valued at $26,000. Lavaca Capital LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at $28,000. Halbert Hargrove Global Advisors LLC lifted its position in Blue Owl Capital by 83.5% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 910 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Blue Owl Capital during the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on OWL. The Goldman Sachs Group reduced 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 report on Tuesday, April 7th. BMO Capital Markets lowered their price target on shares of Blue Owl Capital from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, July 13th. JPMorgan Chase & Co. dropped their price target on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Barclays reduced their price objective on Blue Owl Capital from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 9th. Finally, Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.16.
Blue Owl Capital Stock Performance
Shares of OWL stock opened at $9.40 on Wednesday. The stock has a 50 day moving average price of $9.51 and a 200 day moving average price of $10.68. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $20.68. The firm has a market capitalization of $14.61 billion, a P/E ratio of 78.34, a P/E/G ratio of 1.01 and a beta of 1.22.
Blue Owl Capital (NYSE:OWL – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The company had revenue of $699.88 million for the quarter, compared to the consensus estimate of $687.23 million. As a group, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.87 EPS for the current year.
Blue Owl Capital Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a $0.23 dividend. The ex-dividend date was Wednesday, May 13th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.8%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 766.67%.
Blue Owl Capital Company 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.
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