Brown University Cuts Holdings in Blue Owl Capital Inc. $OWL

Brown University reduced its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 16.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,569,816 shares of the company’s stock after selling 520,000 shares during the period. Blue Owl Capital accounts for approximately 34.8% of Brown University’s investment portfolio, making the stock its 2nd biggest holding. Brown University owned approximately 0.17% of Blue Owl Capital worth $49,366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banque Transatlantique SA acquired a new stake in Blue Owl Capital during the first quarter worth approximately $31,000. SVB Wealth LLC bought a new position in shares of Blue Owl Capital during the 1st quarter worth approximately $38,000. Cullen Frost Bankers Inc. grew its position in shares of Blue Owl Capital by 39.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock worth $42,000 after buying an additional 583 shares during the period. Allworth Financial LP increased its stake in shares of Blue Owl Capital by 70.5% in the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company’s stock valued at $45,000 after acquiring an additional 998 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Blue Owl Capital by 58.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock valued at $50,000 after acquiring an additional 916 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on OWL. Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a report on Tuesday, October 21st. JPMorgan Chase & Co. raised their target price on Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Piper Sandler dropped their price target on Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a report on Monday, August 4th. Finally, Raymond James Financial assumed coverage on Blue Owl Capital in a report on Monday, July 28th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Blue Owl Capital Stock Performance

Shares of OWL opened at $14.85 on Friday. The firm has a market capitalization of $23.01 billion, a P/E ratio of 247.54, a P/E/G ratio of 1.12 and a beta of 1.12. Blue Owl Capital Inc. has a 52 week low of $14.52 and a 52 week high of $26.73. The stock has a 50 day moving average price of $16.85 and a two-hundred day moving average price of $18.31.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%.The company had revenue of $687.00 million for the quarter, compared to analysts’ expectations of $685.95 million. On average, equities analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Monday, November 10th. Blue Owl Capital’s payout ratio is currently 1,500.00%.

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.