Morse Asset Management Inc Sells 1,000 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Morse Asset Management Inc cut its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 7.4% in the fourth quarter, HoldingsChannel reports. The firm owned 12,600 shares of the company’s stock after selling 1,000 shares during the period. Morse Asset Management Inc’s holdings in Blue Owl Capital were worth $293,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of OWL. FMR LLC boosted its holdings in Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company’s stock worth $1,052,309,000 after purchasing an additional 9,917,071 shares in the last quarter. Capital World Investors lifted its position in Blue Owl Capital by 14.5% during the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock worth $1,794,943,000 after acquiring an additional 9,794,102 shares during the last quarter. Cresset Asset Management LLC lifted its position in Blue Owl Capital by 4,278.0% during the 4th quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company’s stock worth $140,794,000 after acquiring an additional 5,914,804 shares during the last quarter. Norges Bank acquired a new position in Blue Owl Capital during the 4th quarter worth $137,118,000. Finally, Vanguard Group Inc. lifted its position in Blue Owl Capital by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock worth $1,237,581,000 after acquiring an additional 5,558,868 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

Shares of OWL opened at $19.96 on Wednesday. The company has a 50-day simple moving average of $18.66 and a 200-day simple moving average of $21.77. The firm has a market capitalization of $30.70 billion, a P/E ratio of 117.42, a P/E/G ratio of 1.23 and a beta of 1.21. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates 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. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.51%. The ex-dividend date is Wednesday, May 14th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.18. Blue Owl Capital’s dividend payout ratio is 692.31%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OWL. Citigroup cut 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 report on Tuesday, April 8th. 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. JMP Securities cut their target price on shares of Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Piper Sandler cut their target price on shares of Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company boosted their target price on shares of Blue Owl Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.56.

Blue Owl Capital 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.