Hohimer Wealth Management LLC Sells 12,886 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Hohimer Wealth Management LLC decreased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 32.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,318 shares of the company’s stock after selling 12,886 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Blue Owl Capital were worth $547,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in OWL. MassMutual Private Wealth & Trust FSB boosted its stake in Blue Owl Capital by 380.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company’s stock valued at $27,000 after purchasing an additional 1,050 shares during the period. Jones Financial Companies Lllp raised its holdings in Blue Owl Capital by 232.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock valued at $44,000 after acquiring an additional 1,315 shares in the last quarter. Allworth Financial LP raised its holdings in Blue Owl Capital by 70.5% in the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company’s stock valued at $45,000 after acquiring an additional 998 shares in the last quarter. State of Wyoming raised its holdings in Blue Owl Capital by 27.1% in the 4th quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $55,000 after acquiring an additional 503 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in Blue Owl Capital by 21.9% in the 1st quarter. Parallel Advisors LLC now owns 6,468 shares of the company’s stock valued at $130,000 after acquiring an additional 1,161 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

OWL has been the subject of several recent research reports. Evercore ISI upped their price target on Blue Owl Capital from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Citigroup cut their price target on Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. JMP Securities cut their price target on Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Cfra Research raised Blue Owl Capital to a “moderate buy” rating in a report on Thursday, March 27th. Finally, Barclays increased their target price on Blue Owl Capital from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.02.

Blue Owl Capital Price Performance

OWL stock opened at $19.22 on Tuesday. The business has a fifty day moving average price of $18.96 and a 200 day moving average price of $20.45. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The stock has a market capitalization of $29.55 billion, a price-to-earnings ratio of 147.82, a P/E/G ratio of 1.29 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. The business had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. On average, equities analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.68%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, May 14th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 692.31%.

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.