M.D. Sass LLC Sells 134,206 Shares of Blue Owl Capital Inc. $OWL

M.D. Sass LLC cut its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 45.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 158,065 shares of the company’s stock after selling 134,206 shares during the quarter. M.D. Sass LLC’s holdings in Blue Owl Capital were worth $2,361,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Roxbury Financial LLC lifted its holdings in Blue Owl Capital by 383.6% in the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after purchasing an additional 1,400 shares in the last quarter. Halbert Hargrove Global Advisors LLC raised its holdings in shares of Blue Owl Capital by 83.5% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock worth $30,000 after acquiring an additional 910 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Blue Owl Capital during the 2nd quarter worth approximately $51,000. Western Pacific Wealth Management LP purchased a new stake in Blue Owl Capital during the 4th quarter valued at $58,000. Finally, Clearstead Advisors LLC raised its holdings in Blue Owl Capital by 360.2% during the 4th quarter. Clearstead Advisors LLC now owns 4,602 shares of the company’s stock valued at $69,000 after buying an additional 3,602 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on OWL shares. UBS Group increased their price target on Blue Owl Capital from $9.00 to $9.50 and gave the company a “neutral” rating in a report on Friday, May 1st. TD Cowen restated a “buy” rating and set a $14.00 price target on shares of Blue Owl Capital in a report on Monday, May 18th. Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Citizens Jmp decreased their price target on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Finally, BMO Capital Markets decreased their price target on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.04.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $10.10 on Wednesday. The stock’s fifty day moving average is $9.45 and its 200 day moving average is $12.16. The firm has a market capitalization of $15.70 billion, a PE ratio of 84.15, a PEG ratio of 1.10 and a beta of 1.20. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $21.08.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $699.88 million for the quarter, compared to the consensus estimate of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. Equities analysts forecast that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a $0.23 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.92 annualized dividend and a yield of 9.1%. Blue Owl Capital’s dividend payout ratio is currently 766.67%.

Blue Owl Capital 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.