DNB Asset Management AS Sells 37,554 Shares of Blue Owl Capital Inc. (NYSE:OWL)

DNB Asset Management AS lessened its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 11.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 299,788 shares of the company’s stock after selling 37,554 shares during the period. DNB Asset Management AS’s holdings in Blue Owl Capital were worth $5,321,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OWL. Capital World Investors boosted its position in Blue Owl Capital by 0.3% during the first quarter. Capital World Investors now owns 63,339,128 shares of the company’s stock valued at $1,194,576,000 after purchasing an additional 163,377 shares during the last quarter. Vanguard Group Inc. increased its holdings in Blue Owl Capital by 0.6% during the first quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company’s stock worth $768,199,000 after buying an additional 250,977 shares during the last quarter. Capital International Investors raised its position in Blue Owl Capital by 0.3% during the first quarter. Capital International Investors now owns 33,284,962 shares of the company’s stock worth $627,754,000 after acquiring an additional 107,321 shares in the last quarter. Capital Research Global Investors lifted its stake in Blue Owl Capital by 11.9% in the first quarter. Capital Research Global Investors now owns 10,512,628 shares of the company’s stock valued at $198,268,000 after acquiring an additional 1,121,064 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its position in shares of Blue Owl Capital by 6.5% in the 1st quarter. Westfield Capital Management Co. LP now owns 4,529,065 shares of the company’s stock valued at $85,418,000 after acquiring an additional 277,526 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Price Performance

OWL opened at $17.00 on Wednesday. Blue Owl Capital Inc. has a fifty-two week low of $10.64 and a fifty-two week high of $20.13. The firm has a market capitalization of $24.29 billion, a PE ratio of 136.54, a P/E/G ratio of 1.08 and a beta of 1.18. The company’s 50-day moving average is $17.91 and its 200 day moving average is $17.94.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $549.85 million for the quarter, compared to analysts’ expectations of $507.22 million. Blue Owl Capital had a return on equity of 19.12% and a net margin of 4.64%. During the same quarter in the previous year, the firm earned $0.16 earnings per share. As a group, analysts expect that Blue Owl Capital Inc. will post 0.81 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Wednesday, August 21st. Blue Owl Capital’s dividend payout ratio is currently 600.00%.

Analysts Set New Price Targets

OWL has been the topic of a number of research analyst reports. TD Cowen reaffirmed a “hold” rating and issued a $19.00 target price (down from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Citigroup reiterated a “buy” rating and set a $21.00 target price on shares of Blue Owl Capital in a research note on Tuesday, May 14th. Oppenheimer upgraded Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Piper Sandler decreased their price target on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus price target of $20.23.

Blue Owl Capital Company 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.