Stone Point Capital LLC Sells 3,624,169 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Stone Point Capital LLC lessened its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 57.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,727,878 shares of the company’s stock after selling 3,624,169 shares during the period. Blue Owl Capital accounts for 5.2% of Stone Point Capital LLC’s portfolio, making the stock its 3rd largest position. Stone Point Capital LLC owned 0.18% of Blue Owl Capital worth $63,450,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rakuten Securities Inc. acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $27,000. Allworth Financial LP increased its stake in Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after purchasing an additional 428 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after purchasing an additional 1,315 shares during the period. Versant Capital Management Inc boosted its position in shares of Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after buying an additional 450 shares during the period. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Down 1.1 %

NYSE:OWL opened at $20.19 on Friday. Blue Owl Capital Inc. has a twelve month low of $15.18 and a twelve month high of $26.73. The firm has a market capitalization of $31.04 billion, a price-to-earnings ratio of 118.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. The stock’s 50 day moving average price is $22.46 and its two-hundred day moving average price is $22.31.

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

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.57%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.53%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup reiterated a “buy” rating and set a $30.00 target price on shares of Blue Owl Capital in a report on Thursday, January 23rd. Evercore ISI lifted their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Piper Sandler boosted their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Oppenheimer raised their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and upped their price target for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.33.

Blue Owl Capital Company 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.