Oak Thistle LLC Sells 38,267 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Oak Thistle LLC decreased its stake in Blue Owl Capital Inc. (NYSE:OWL) by 71.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 15,600 shares of the company’s stock after selling 38,267 shares during the period. Oak Thistle LLC’s holdings in Blue Owl Capital were worth $294,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Miracle Mile Advisors LLC purchased a new position in shares of Blue Owl Capital in the first quarter worth about $227,000. Oliver Luxxe Assets LLC increased its stake in shares of Blue Owl Capital by 2.5% in the first quarter. Oliver Luxxe Assets LLC now owns 61,086 shares of the company’s stock worth $1,152,000 after purchasing an additional 1,462 shares in the last quarter. Toth Financial Advisory Corp increased its stake in shares of Blue Owl Capital by 12.4% in the first quarter. Toth Financial Advisory Corp now owns 59,028 shares of the company’s stock worth $1,113,000 after purchasing an additional 6,528 shares in the last quarter. Capital Insight Partners LLC increased its stake in shares of Blue Owl Capital by 42.3% in the first quarter. Capital Insight Partners LLC now owns 31,822 shares of the company’s stock worth $600,000 after purchasing an additional 9,454 shares in the last quarter. Finally, TrueMark Investments LLC increased its stake in shares of Blue Owl Capital by 118.4% in the first quarter. TrueMark Investments LLC now owns 188,668 shares of the company’s stock worth $3,558,000 after purchasing an additional 102,277 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 0.3 %

Shares of OWL traded up $0.06 during mid-day trading on Monday, reaching $17.81. The company’s stock had a trading volume of 3,751,537 shares, compared to its average volume of 5,199,045. The stock has a market cap of $25.45 billion, a PE ratio of 148.42, a P/E/G ratio of 1.08 and a beta of 1.18. Blue Owl Capital Inc. has a 52 week low of $10.64 and a 52 week high of $19.87. The company’s fifty day moving average price is $18.21 and its two-hundred day moving average price is $17.34.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.15%. The company had revenue of $486.55 million during the quarter, compared to analyst estimates of $478.47 million. Research analysts anticipate that Blue Owl Capital Inc. will post 0.82 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Tuesday, May 21st were issued a dividend of $0.18 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Monday, May 20th. Blue Owl Capital’s dividend payout ratio is currently 600.00%.

Analysts Set New Price Targets

Several research firms have recently weighed in on OWL. Evercore ISI lifted their target price on shares of Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Piper Sandler reaffirmed an “overweight” rating and set a $23.00 price objective on shares of Blue Owl Capital in a research note on Friday. JMP Securities reaffirmed a “market outperform” rating and set a $24.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a research note on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $21.00 price target on shares of Blue Owl Capital in a research note on Monday, June 10th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.27.

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.