Transcend Capital Advisors LLC Decreases Position in Blue Owl Capital Inc. (NYSE:OWL)

Transcend Capital Advisors LLC decreased its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 14.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,461,147 shares of the company’s stock after selling 249,515 shares during the period. Blue Owl Capital comprises about 2.5% of Transcend Capital Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Transcend Capital Advisors LLC’s holdings in Blue Owl Capital were worth $33,986,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Handelsbanken Fonder AB raised its holdings in shares of Blue Owl Capital by 5.9% in the fourth quarter. Handelsbanken Fonder AB now owns 138,000 shares of the company’s stock valued at $3,210,000 after buying an additional 7,700 shares during the last quarter. Freedom Day Solutions LLC increased its position in Blue Owl Capital by 18.6% in the 4th quarter. Freedom Day Solutions LLC now owns 102,640 shares of the company’s stock valued at $2,387,000 after acquiring an additional 16,115 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Blue Owl Capital by 9.1% in the fourth quarter. Private Advisor Group LLC now owns 42,516 shares of the company’s stock worth $989,000 after acquiring an additional 3,530 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Blue Owl Capital by 1.6% during the fourth quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock worth $593,000 after purchasing an additional 413 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Blue Owl Capital by 6.5% during the fourth quarter. CIBC Asset Management Inc now owns 14,476 shares of the company’s stock valued at $337,000 after purchasing an additional 883 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Evercore ISI boosted their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. The Goldman Sachs Group cut Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their price target for the company from $25.00 to $24.75 in a report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Finally, Citigroup restated a “buy” rating and set a $30.00 target price on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.27.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $23.13 on Friday. The firm’s 50 day simple moving average is $24.06 and its 200 day simple moving average is $21.72. Blue Owl Capital Inc. has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The company has a market capitalization of $34.54 billion, a price-to-earnings ratio of 136.04, a P/E/G ratio of 1.29 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Equities research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a yield of 3.11%. Blue Owl Capital’s payout ratio is 423.55%.

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.