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

Tranquility Partners LLC lowered its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 2.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 245,471 shares of the company’s stock after selling 6,665 shares during the quarter. Blue Owl Capital comprises about 2.2% of Tranquility Partners LLC’s investment portfolio, making the stock its 7th largest position. Tranquility Partners LLC’s holdings in Blue Owl Capital were worth $5,723,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of OWL. Kovitz Investment Group Partners LLC grew its holdings in Blue Owl Capital by 1.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock worth $622,000 after buying an additional 443 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in Blue Owl Capital by 4.1% during the 4th quarter. Miracle Mile Advisors LLC now owns 12,289 shares of the company’s stock valued at $286,000 after purchasing an additional 479 shares in the last quarter. King Luther Capital Management Corp boosted its stake in Blue Owl Capital by 0.6% during the 3rd quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock valued at $1,547,000 after purchasing an additional 485 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in Blue Owl Capital by 1.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock valued at $1,009,000 after purchasing an additional 565 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Blue Owl Capital by 0.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock valued at $1,851,000 after purchasing an additional 575 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company decreased their price target on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Piper Sandler raised their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Evercore ISI raised their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. The Goldman Sachs Group lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Finally, Oppenheimer raised their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.27.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $23.33 on Thursday. The company has a market capitalization of $34.84 billion, a price-to-earnings ratio of 137.24, a PEG ratio of 1.34 and a beta of 1.15. Blue Owl Capital Inc. has a one year low of $15.18 and a one year high of $26.73. The company’s fifty day moving average price is $24.07 and its two-hundred day moving average price is $21.51.

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

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors 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%.

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.