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

Hexagon Capital Partners LLC reduced its position in Blue Owl Capital Inc. (NYSE:OWL) by 33.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,349 shares of the company’s stock after selling 5,592 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Blue Owl Capital were worth $169,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of OWL. SG Americas Securities LLC acquired a new position in Blue Owl Capital in the 3rd quarter valued at $126,000. Xponance Inc. boosted its position in shares of Blue Owl Capital by 10.2% during the 3rd quarter. Xponance Inc. now owns 23,007 shares of the company’s stock worth $298,000 after purchasing an additional 2,131 shares in the last quarter. Raymond James & Associates boosted its position in shares of Blue Owl Capital by 22.2% during the 3rd quarter. Raymond James & Associates now owns 306,394 shares of the company’s stock worth $3,971,000 after purchasing an additional 55,594 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Blue Owl Capital by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,472,484 shares of the company’s stock worth $32,043,000 after purchasing an additional 47,397 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new stake in shares of Blue Owl Capital during the 3rd quarter worth $1,064,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Down 1.3 %

NYSE:OWL opened at $18.65 on Thursday. The firm has a market cap of $26.65 billion, a price-to-earnings ratio of 186.52, a price-to-earnings-growth ratio of 1.22 and a beta of 1.24. The company’s 50-day moving average is $18.31 and its two-hundred day moving average is $15.80. Blue Owl Capital Inc. has a 12-month low of $9.70 and a 12-month high of $19.87.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $494.04 million for the quarter, compared to analyst estimates of $438.77 million. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. During the same period in the prior year, the firm earned $0.15 EPS. On average, equities research analysts forecast that Blue Owl Capital Inc. will post 0.84 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 23rd were issued a $0.14 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 3.00%. Blue Owl Capital’s dividend payout ratio (DPR) is 560.06%.

Analyst Ratings Changes

Several equities research analysts have commented on OWL shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. TD Cowen started coverage on shares of Blue Owl Capital in a research report on Thursday, January 4th. They set an “outperform” rating and a $17.00 target price on the stock. UBS Group upgraded shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $22.00 in a research report on Tuesday, April 2nd. Evercore ISI boosted 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. Finally, The Goldman Sachs Group boosted 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average price target of $19.48.

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.