Cercano Management LLC Sells 234,320 Shares of Blue Owl Capital Inc. $OWL

Cercano Management LLC reduced its stake in Blue Owl Capital Inc. (NYSE:OWL) by 26.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 648,965 shares of the company’s stock after selling 234,320 shares during the period. Cercano Management LLC’s holdings in Blue Owl Capital were worth $12,467,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Banque Transatlantique SA purchased a new stake in shares of Blue Owl Capital in the first quarter valued at approximately $31,000. SVB Wealth LLC bought a new stake in Blue Owl Capital during the 1st quarter valued at $38,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Blue Owl Capital by 39.1% in 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 grew its position in shares of Blue Owl Capital by 70.5% during the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company’s stock worth $45,000 after buying an additional 998 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Blue Owl Capital during the first quarter valued at $50,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on OWL shares. Piper Sandler lowered their price objective on shares of Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Oppenheimer set a $25.00 price target on shares of Blue Owl Capital and gave the company an “outperform” rating in a report on Friday, October 31st. Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Citigroup reissued a “market outperform” rating on shares of Blue Owl Capital in a report on Tuesday, October 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Blue Owl Capital in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.00.

Blue Owl Capital Stock Down 1.4%

Shares of Blue Owl Capital stock opened at $14.62 on Friday. The company has a market cap of $22.79 billion, a P/E ratio of 243.62, a PEG ratio of 1.09 and a beta of 1.12. The firm’s 50 day moving average price is $16.78 and its 200-day moving average price is $18.28. Blue Owl Capital Inc. has a 52-week low of $14.38 and a 52-week high of $26.73.

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

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 10th will be given a $0.225 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.2%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 1,500.00%.

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.