Stanley Laman Group Ltd. Sells 89,632 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Stanley Laman Group Ltd. lessened its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 33.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,312 shares of the company’s stock after selling 89,632 shares during the period. Stanley Laman Group Ltd.’s holdings in Blue Owl Capital were worth $4,101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Blue Owl Capital by 29.9% in the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after buying an additional 8,138,475 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after buying an additional 1,372,865 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Blue Owl Capital by 14.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock worth $157,870,000 after buying an additional 1,016,505 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Blue Owl Capital in the 4th quarter worth $23,513,000. Finally, HighTower Advisors LLC boosted its stake in shares of Blue Owl Capital by 29.1% in the 3rd quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company’s stock worth $69,690,000 after buying an additional 811,334 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on OWL. Wells Fargo & Company lowered their target price on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and lifted their target price for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. UBS Group boosted their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $24.75 in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.27.

Blue Owl Capital Trading Down 1.0 %

Shares of OWL stock opened at $23.33 on Thursday. The stock’s 50-day moving average price is $24.07 and its 200-day moving average price is $21.51. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The stock has a market capitalization of $34.84 billion, a price-to-earnings ratio of 137.24, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, research analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.09%. Blue Owl Capital’s payout ratio is currently 423.53%.

Blue Owl Capital 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.