Tranquility Partners LLC Sells 6,665 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Tranquility Partners LLC lessened its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 2.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 245,471 shares of the company’s stock after selling 6,665 shares during the quarter. Blue Owl Capital comprises 2.2% of Tranquility Partners LLC’s investment portfolio, making the stock its 7th biggest holding. Tranquility Partners LLC’s holdings in Blue Owl Capital were worth $5,723,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake 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 buying an additional 8,138,475 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Blue Owl Capital by 17.9% during 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. State Street Corp grew its stake in Blue Owl Capital by 5.6% during the 3rd quarter. State Street Corp now owns 8,452,073 shares of the company’s stock worth $163,632,000 after buying an additional 449,066 shares during the last quarter. Geode Capital Management LLC grew its stake in Blue Owl Capital by 14.2% during 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. Finally, Westfield Capital Management Co. LP grew its stake in Blue Owl Capital by 4.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock worth $130,415,000 after buying an additional 293,221 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 1.0 %

Blue Owl Capital stock opened at $23.33 on Thursday. The firm has a market capitalization of $34.84 billion, a P/E ratio of 137.24, a PEG ratio of 1.34 and a beta of 1.15. The stock has a fifty day moving average price of $24.07 and a 200 day moving average price of $21.51. Blue Owl Capital Inc. has a 52 week low of $15.18 and a 52 week high of $26.73.

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

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.53%.

Analyst Upgrades and Downgrades

OWL has been the topic of a number of research reports. Citigroup restated a “buy” rating and set a $30.00 price target on shares of Blue Owl Capital in a research note on Thursday, January 23rd. The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Piper Sandler lifted their price target on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Wells Fargo & Company decreased their price target on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, Evercore ISI lifted their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $26.27.

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.