Stephens Inc. AR Sells 244,626 Shares of Blue Owl Capital Inc. $OWL

Stephens Inc. AR reduced its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 34.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 472,030 shares of the company’s stock after selling 244,626 shares during the period. Stephens Inc. AR’s holdings in Blue Owl Capital were worth $7,052,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OWL. Roxbury Financial LLC boosted its stake in shares of Blue Owl Capital by 383.6% during the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after purchasing an additional 1,400 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Blue Owl Capital by 117.0% during the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock valued at $27,000 after purchasing an additional 867 shares during the period. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Blue Owl Capital by 83.5% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 910 shares during the period. Activest Wealth Management purchased a new stake in shares of Blue Owl Capital during the third quarter valued at approximately $50,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Blue Owl Capital during the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OWL shares. Barclays increased their price objective on Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, January 21st. Raymond James Financial reissued a “strong-buy” rating on shares of Blue Owl Capital in a research note on Thursday, February 19th. TD Cowen dropped their price objective on Blue Owl Capital from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Finally, UBS Group increased their price objective on Blue Owl Capital from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus target price of $15.03.

Blue Owl Capital Stock Down 0.0%

Shares of OWL stock opened at $9.46 on Monday. The stock has a fifty day moving average of $9.29 and a 200 day moving average of $12.60. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $21.08. The firm has a market capitalization of $14.70 billion, a price-to-earnings ratio of 78.81, a PEG ratio of 1.00 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The company had revenue of $699.88 million during the quarter, compared to analyst estimates of $687.23 million. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 9.7%. Blue Owl Capital’s payout ratio is 766.67%.

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.