Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Tranquility Partners LLC

Tranquility Partners LLC cut its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 9.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 254,208 shares of the company’s stock after selling 25,776 shares during the period. Blue Owl Capital comprises approximately 1.6% of Tranquility Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Tranquility Partners LLC’s holdings in Blue Owl Capital were worth $3,788,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital World Investors lifted its position in Blue Owl Capital by 3.4% during the first quarter. Capital World Investors now owns 40,767,463 shares of the company’s stock valued at $516,931,000 after purchasing an additional 1,349,425 shares during the period. Vanguard Group Inc. lifted its position in Blue Owl Capital by 3.3% during the third quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company’s stock valued at $520,983,000 after purchasing an additional 1,293,941 shares during the period. Capital International Investors lifted its position in Blue Owl Capital by 0.8% during the first quarter. Capital International Investors now owns 23,119,460 shares of the company’s stock valued at $293,155,000 after purchasing an additional 183,098 shares during the period. BlackRock Inc. lifted its position in Blue Owl Capital by 1.4% during the first quarter. BlackRock Inc. now owns 15,301,223 shares of the company’s stock valued at $169,538,000 after purchasing an additional 204,662 shares during the period. Finally, State Street Corp raised its position in shares of Blue Owl Capital by 4.0% in the second quarter. State Street Corp now owns 6,240,389 shares of the company’s stock worth $72,701,000 after acquiring an additional 238,961 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Blue Owl Capital

In other news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $15.81, for a total value of $71,145,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 33.39% of the stock is owned by corporate insiders.

Blue Owl Capital Price Performance

NYSE OWL traded down $0.04 during trading hours on Wednesday, hitting $18.31. 2,839,822 shares of the company’s stock traded hands, compared to its average volume of 4,454,875. Blue Owl Capital Inc. has a 52-week low of $9.70 and a 52-week high of $19.87. The company has a market capitalization of $26.16 billion, a PE ratio of 183.10, a PEG ratio of 1.17 and a beta of 1.27. The firm’s 50-day moving average is $18.12 and its 200-day moving average is $15.45.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. The company had revenue of $494.04 million during the quarter, compared to analysts’ expectations of $438.77 million. During the same quarter in the prior year, the company earned $0.15 EPS. Equities research analysts predict that Blue Owl Capital Inc. will post 0.84 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, February 23rd were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.56 annualized dividend and a yield of 3.06%. Blue Owl Capital’s dividend payout ratio is presently 560.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OWL. The Goldman Sachs Group upped their price objective on shares of Blue Owl Capital from $17.75 to $20.25 and gave the stock a “buy” rating in a research report on Monday, February 12th. JMP Securities reiterated a “market outperform” rating and issued a $24.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $19.00 price objective on shares of Blue Owl Capital in a research report on Thursday, April 4th. TD Cowen began coverage on shares of Blue Owl Capital in a research report on Thursday, January 4th. They issued an “outperform” rating and a $17.00 price objective for the company. Finally, Evercore ISI upped their price objective on shares of Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.84.

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.