Avior Wealth Management LLC Trims Stake in Blue Owl Capital Inc. (NYSE:OWL)

Avior Wealth Management LLC trimmed its stake in Blue Owl Capital Inc. (NYSE:OWL) by 8.9% in the 4th quarter, HoldingsChannel reports. The firm owned 29,403 shares of the company’s stock after selling 2,872 shares during the period. Avior Wealth Management LLC’s holdings in Blue Owl Capital were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Strs Ohio purchased a new stake in shares of Blue Owl Capital in the 4th quarter worth $1,086,000. Cerity Partners LLC purchased a new stake in shares of Blue Owl Capital in the 4th quarter worth $2,561,000. Toth Financial Advisory Corp increased its stake in shares of Blue Owl Capital by 90.9% in the 4th quarter. Toth Financial Advisory Corp now owns 52,500 shares of the company’s stock worth $782,000 after purchasing an additional 25,000 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Blue Owl Capital in the 4th quarter worth $9,929,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Blue Owl Capital in the 4th quarter worth $1,690,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Up 0.3 %

OWL opened at $18.37 on Friday. The firm has a 50-day simple moving average of $18.16 and a two-hundred day simple moving average of $15.47. Blue Owl Capital Inc. has a 52 week low of $9.70 and a 52 week high of $19.87. The company has a market capitalization of $26.25 billion, a PE ratio of 183.72, a price-to-earnings-growth ratio of 1.19 and a beta of 1.27.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Friday, February 9th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. The firm had revenue of $494.04 million during the quarter, compared to the consensus estimate of $438.77 million. During the same quarter last year, the firm earned $0.15 EPS. As a group, sell-side analysts expect that Blue Owl Capital Inc. will post 0.84 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, February 23rd were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Thursday, February 22nd. Blue Owl Capital’s payout ratio is 560.06%.

Insider Activity at Blue Owl Capital

In related news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $15.81, for a total value of $71,145,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 33.39% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on OWL shares. TD Cowen started coverage on shares of Blue Owl Capital in a report on Thursday, January 4th. They issued an “outperform” rating and a $17.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group raised shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and upped their target price for the stock from $18.00 to $22.00 in a report on Tuesday, April 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $24.00 target price on shares of Blue Owl Capital in a report on Tuesday, April 9th. Finally, Piper Sandler upped their target price on shares of Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $19.48.

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.