Richard Bernstein Advisors LLC Trims Stock Position in Blue Owl Capital Inc. $OWL

Richard Bernstein Advisors LLC decreased its stake in Blue Owl Capital Inc. (NYSE:OWL) by 57.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 57,815 shares of the company’s stock after selling 77,951 shares during the period. Richard Bernstein Advisors LLC’s holdings in Blue Owl Capital were worth $979,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. Capital World Investors lifted its holdings in shares of Blue Owl Capital by 1.4% in the third quarter. Capital World Investors now owns 85,216,556 shares of the company’s stock worth $1,442,725,000 after buying an additional 1,143,201 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Blue Owl Capital by 7.9% during the third quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock valued at $1,149,833,000 after buying an additional 4,968,526 shares during the period. Capital International Investors boosted its holdings in Blue Owl Capital by 3.5% during the 3rd quarter. Capital International Investors now owns 62,726,334 shares of the company’s stock valued at $1,061,999,000 after acquiring an additional 2,141,873 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Blue Owl Capital by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 11,572,226 shares of the company’s stock worth $195,920,000 after purchasing an additional 1,667,608 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Blue Owl Capital by 14.6% in the 2nd quarter. Geode Capital Management LLC now owns 10,293,279 shares of the company’s stock worth $197,766,000 after acquiring an additional 1,313,108 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 3.5%

Shares of NYSE:OWL opened at $9.47 on Wednesday. The firm has a market cap of $14.72 billion, a price-to-earnings ratio of 94.67, a P/E/G ratio of 0.82 and a beta of 1.15. The business has a fifty day simple moving average of $13.21 and a 200 day simple moving average of $15.28. Blue Owl Capital Inc. has a 1 year low of $9.37 and a 1 year high of $21.88.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $701.47 million during the quarter, compared to analysts’ expectations of $712.75 million. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. On average, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend was Friday, February 20th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 900.00%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OWL. Citigroup reissued an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, January 27th. Evercore set a $14.00 price target on Blue Owl Capital in a research note on Friday, February 6th. Deutsche Bank Aktiengesellschaft lowered shares of Blue Owl Capital from a “buy” rating to a “hold” rating and dropped their price objective for the company from $15.00 to $10.00 in a report on Tuesday, February 24th. Barclays reiterated an “equal weight” rating and issued a $11.00 target price (down from $15.00) on shares of Blue Owl Capital in a research report on Monday, March 2nd. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Blue Owl Capital in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.