Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Cortland Associates Inc. MO

Cortland Associates Inc. MO lowered its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,004,024 shares of the company’s stock after selling 34,220 shares during the period. Blue Owl Capital comprises 5.3% of Cortland Associates Inc. MO’s portfolio, making the stock its 8th largest holding. Cortland Associates Inc. MO owned approximately 0.13% of Blue Owl Capital worth $46,614,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after purchasing an additional 1,372,865 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in Blue Owl Capital by 4.6% in the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock valued at $130,415,000 after acquiring an additional 293,221 shares in the last quarter. Barclays PLC raised its holdings in Blue Owl Capital by 13.7% in the third quarter. Barclays PLC now owns 1,571,806 shares of the company’s stock valued at $30,430,000 after acquiring an additional 189,082 shares in the last quarter. Capital CS Group LLC acquired a new stake in Blue Owl Capital in the fourth quarter valued at $620,000. Finally, Merit Financial Group LLC acquired a new stake in Blue Owl Capital in the fourth quarter valued at $519,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

OWL stock opened at $25.64 on Thursday. The stock has a market capitalization of $38.29 billion, a price-to-earnings ratio of 150.80, a PEG ratio of 1.39 and a beta of 1.14. The business’s fifty day moving average price is $23.92 and its two-hundred day moving average price is $21.13. Blue Owl Capital Inc. has a fifty-two week low of $15.18 and a fifty-two week high of $26.73.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same period in the prior year, the firm posted $0.16 EPS. Research analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. UBS Group boosted their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lowered their price target on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Evercore ISI upped their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. JMP Securities restated a “market outperform” rating and set a $27.00 price target on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Finally, Oppenheimer upped their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average price target of $25.85.

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.