Hudson Valley Investment Advisors Inc. ADV Sells 5,456 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Hudson Valley Investment Advisors Inc. ADV trimmed its stake in Blue Owl Capital Inc. (NYSE:OWL) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,383 shares of the company’s stock after selling 5,456 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Blue Owl Capital were worth $3,847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rhumbline Advisers increased its holdings in shares of Blue Owl Capital by 26.5% in the 2nd quarter. Rhumbline Advisers now owns 557,297 shares of the company’s stock worth $9,892,000 after buying an additional 116,675 shares during the last quarter. Victory Capital Management Inc. increased its stake in Blue Owl Capital by 22.6% in the second quarter. Victory Capital Management Inc. now owns 83,138 shares of the company’s stock valued at $1,476,000 after acquiring an additional 15,340 shares during the last quarter. Private Advisor Group LLC raised its position in Blue Owl Capital by 15.3% during the second quarter. Private Advisor Group LLC now owns 38,101 shares of the company’s stock valued at $676,000 after purchasing an additional 5,042 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in Blue Owl Capital during the second quarter valued at about $979,000. Finally, Scholtz & Company LLC lifted its stake in Blue Owl Capital by 1.4% during the second quarter. Scholtz & Company LLC now owns 267,385 shares of the company’s stock worth $4,746,000 after purchasing an additional 3,650 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on OWL shares. The Goldman Sachs Group lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $24.75 in a research report on Monday. Oppenheimer lifted their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Wells Fargo & Company upped their price objective on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. JMP Securities reiterated a “market outperform” rating and issued a $27.00 target price on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.10.

Blue Owl Capital Trading Up 2.6 %

Shares of NYSE:OWL opened at $23.23 on Friday. The company has a 50-day moving average price of $23.41 and a 200-day moving average price of $20.44. The company has a market cap of $34.69 billion, a price-to-earnings ratio of 136.66, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. Blue Owl Capital Inc. has a 12 month low of $14.42 and a 12 month high of $25.03.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter in the prior year, the company posted $0.16 EPS. As a group, research analysts forecast that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a $0.18 dividend. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.10%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 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.