Verdence Capital Advisors LLC Has $2.25 Million Position in Blue Owl Capital Inc. (NYSE:OWL)

Verdence Capital Advisors LLC reduced its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 15.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,870 shares of the company’s stock after selling 18,031 shares during the period. Verdence Capital Advisors LLC’s holdings in Blue Owl Capital were worth $2,253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Global Retirement Partners LLC grew its holdings in shares of Blue Owl Capital by 1.6% during the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock valued at $593,000 after acquiring an additional 413 shares in the last quarter. Dynasty Wealth Management LLC grew its holdings in shares of Blue Owl Capital by 0.5% during the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company’s stock valued at $1,828,000 after acquiring an additional 417 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after acquiring an additional 428 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of Blue Owl Capital by 1.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock valued at $622,000 after acquiring an additional 443 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after acquiring an additional 450 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OWL has been the topic of several research analyst reports. Evercore ISI boosted their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 17th. The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $24.75 in a report on Monday, January 6th. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Wells Fargo & Company decreased their price objective on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.48.

Blue Owl Capital Price Performance

OWL stock opened at $20.39 on Thursday. Blue Owl Capital Inc. has a 52-week low of $15.18 and a 52-week high of $26.73. The company has a 50-day moving average of $23.57 and a two-hundred day moving average of $22.01. The stock has a market capitalization of $31.36 billion, a price-to-earnings ratio of 119.96, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting 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 analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is currently 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.