Stephens Inc. AR Sells 244,626 Shares of Blue Owl Capital Inc. $OWL

Stephens Inc. AR decreased its position in Blue Owl Capital Inc. (NYSE:OWL) by 34.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 472,030 shares of the company’s stock after selling 244,626 shares during the quarter. Stephens Inc. AR’s holdings in Blue Owl Capital were worth $7,052,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in Blue Owl Capital by 7.3% in the third quarter. Nisa Investment Advisors LLC now owns 10,011 shares of the company’s stock worth $169,000 after purchasing an additional 685 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Blue Owl Capital by 5.6% in the third quarter. Park Avenue Securities LLC now owns 13,149 shares of the company’s stock worth $223,000 after purchasing an additional 699 shares in the last quarter. Bessemer Group Inc. raised its holdings in Blue Owl Capital by 20.3% in the third quarter. Bessemer Group Inc. now owns 4,967 shares of the company’s stock worth $84,000 after purchasing an additional 838 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Blue Owl Capital by 117.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after purchasing an additional 867 shares in the last quarter. Finally, Stonegate Investment Group LLC raised its holdings in Blue Owl Capital by 3.6% in the third quarter. Stonegate Investment Group LLC now owns 25,465 shares of the company’s stock worth $431,000 after purchasing an additional 884 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OWL shares. UBS Group increased their price objective on Blue Owl Capital from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft downgraded Blue Owl Capital from a “buy” rating to a “hold” rating and reduced their price target for the company from $15.00 to $10.00 in a report on Tuesday, February 24th. JPMorgan Chase & Co. reduced their price target on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Piper Sandler reduced their price target on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Finally, TD Cowen reduced their price target on Blue Owl Capital from $16.00 to $14.00 and set a “buy” rating for the company in a report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $15.03.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $9.46 on Monday. Blue Owl Capital Inc. has a 1-year low of $7.95 and a 1-year high of $21.08. The business has a fifty day moving average price of $9.29 and a 200-day moving average price of $12.60. The company has a market capitalization of $14.70 billion, a PE ratio of 78.81, a PEG ratio of 1.00 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The company had revenue of $699.88 million during the quarter, compared to the consensus estimate of $687.23 million. On average, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 9.7%. The ex-dividend date is Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio is 766.67%.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.