Concurrent Investment Advisors LLC Has $1.05 Million Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Concurrent Investment Advisors LLC trimmed its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 12.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,275 shares of the company’s stock after selling 6,412 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Blue Owl Capital were worth $1,053,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in OWL. FMR LLC increased its position in Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after purchasing an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. increased its position in Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after acquiring an additional 1,372,865 shares during the period. Geode Capital Management LLC increased its position in 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 valued at $157,870,000 after acquiring an additional 1,016,505 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in Blue Owl Capital in the 4th quarter valued at approximately $23,513,000. Finally, HighTower Advisors LLC increased its position in Blue Owl Capital by 29.1% in the 3rd quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company’s stock valued at $69,690,000 after acquiring an additional 811,334 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Evercore ISI increased their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. JMP Securities reiterated a “market outperform” rating and set a $32.00 price objective (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Citigroup reiterated a “buy” rating and set a $30.00 price objective on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.27.

Blue Owl Capital Stock Down 4.4 %

Shares of NYSE OWL opened at $22.08 on Friday. The firm has a market cap of $32.97 billion, a PE ratio of 129.87, a P/E/G ratio of 1.23 and a beta of 1.15. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The company’s fifty day simple moving average is $24.01 and its 200 day simple moving average is $21.80.

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

Blue Owl Capital Announces Dividend

The firm 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 $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio (DPR) is 423.55%.

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.