Quantbot Technologies LP Trims Stake in Blue Owl Capital Inc. (NYSE:OWL)

Quantbot Technologies LP decreased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 271,494 shares of the company’s stock after selling 29,569 shares during the period. Quantbot Technologies LP’s holdings in Blue Owl Capital were worth $5,120,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Capital International Investors grew its stake in Blue Owl Capital by 12.0% in the 4th quarter. Capital International Investors now owns 33,177,641 shares of the company’s stock worth $494,347,000 after acquiring an additional 3,565,657 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at $46,030,000. Allspring Global Investments Holdings LLC acquired a new position in Blue Owl Capital in the first quarter valued at $48,517,000. Vanguard Group Inc. increased its stake in Blue Owl Capital by 3.3% in 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 last quarter. Finally, Franklin Resources Inc. lifted its position in Blue Owl Capital by 159.5% during the fourth quarter. Franklin Resources Inc. now owns 1,865,492 shares of the company’s stock worth $27,796,000 after buying an additional 1,146,734 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

NYSE:OWL traded up $0.24 during midday trading on Friday, reaching $17.70. 3,590,175 shares of the company traded hands, compared to its average volume of 5,135,331. The firm has a market capitalization of $25.29 billion, a price-to-earnings ratio of 145.50, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. The company has a fifty day moving average price of $18.00 and a 200 day moving average price of $17.45. Blue Owl Capital Inc. has a twelve month low of $10.64 and a twelve month high of $19.87.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $486.55 million for the quarter, compared to the consensus estimate of $478.47 million. On average, equities research analysts forecast that Blue Owl Capital Inc. will post 0.81 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were paid a dividend of $0.18 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, May 20th. This represents a $0.72 annualized dividend and a yield of 4.07%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 600.00%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $21.00 target price on shares of Blue Owl Capital in a research report on Monday, June 10th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.00 price objective on shares of Blue Owl Capital in a research note on Thursday, April 4th. TD Cowen reissued a “hold” rating and set a $19.00 target price (down previously from $21.50) on shares of Blue Owl Capital in a research report on Monday. JMP Securities reaffirmed a “market outperform” rating and set a $24.00 price target on shares of Blue Owl Capital in a research report on Tuesday, April 9th. Finally, UBS Group decreased their price objective on shares of Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.81.

About Blue Owl Capital

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.