Hudson Valley Investment Advisors Inc. ADV Sells 5,456 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Hudson Valley Investment Advisors Inc. ADV trimmed its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 165,383 shares of the company’s stock after selling 5,456 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Blue Owl Capital were worth $3,847,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of OWL. JPMorgan Chase & Co. grew its holdings 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 valued at $174,829,000 after buying an additional 1,372,865 shares during the last quarter. Stone Point Capital LLC bought a new position in Blue Owl Capital in the 2nd quarter valued at approximately $112,749,000. Westfield Capital Management Co. LP boosted its stake in Blue Owl Capital by 4.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock valued at $130,415,000 after purchasing an additional 293,221 shares during the last quarter. Barclays PLC increased its holdings in shares of Blue Owl Capital by 13.7% in the 3rd quarter. Barclays PLC now owns 1,571,806 shares of the company’s stock worth $30,430,000 after purchasing an additional 189,082 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Blue Owl Capital by 41.8% in the third quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock worth $5,972,000 after purchasing an additional 90,998 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

NYSE OWL opened at $23.23 on Friday. The business’s fifty day moving average is $23.41 and its 200 day moving average is $20.44. Blue Owl Capital Inc. has a fifty-two week low of $14.42 and a fifty-two week high of $25.03. The company has a market capitalization of $34.69 billion, a PE ratio of 136.66, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $600.88 million for the quarter, compared to the consensus estimate 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 quarter last year, the company earned $0.16 earnings per share. On average, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.10%. Blue Owl Capital’s payout ratio is currently 423.53%.

Analyst Ratings Changes

Several research firms recently commented on OWL. Deutsche Bank Aktiengesellschaft lifted their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Evercore ISI lifted their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. UBS Group increased their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Piper Sandler lifted their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Finally, Oppenheimer increased their price target on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.10.

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.