Onyx Bridge Wealth Group LLC Sells 5,677 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Onyx Bridge Wealth Group LLC cut its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 20.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,483 shares of the company’s stock after selling 5,677 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Blue Owl Capital were worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of OWL. Headlands Technologies LLC bought a new stake in shares of Blue Owl Capital in the third quarter worth about $27,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Blue Owl Capital in the fourth quarter worth about $32,000. Quantbot Technologies LP purchased a new stake in Blue Owl Capital in the first quarter worth about $33,000. Private Trust Co. NA purchased a new stake in Blue Owl Capital in the third quarter worth about $40,000. Finally, Salem Investment Counselors Inc. lifted its holdings in Blue Owl Capital by 58.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock worth $47,000 after buying an additional 1,159 shares during the period. 35.85% of the stock is owned by institutional investors.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $15.81, for a total transaction of $71,145,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 33.39% of the company’s stock.

Blue Owl Capital Trading Down 0.6 %

OWL stock traded down $0.11 during midday trading on Friday, hitting $18.26. The company’s stock had a trading volume of 2,491,264 shares, compared to its average volume of 3,686,460. The company has a market cap of $26.09 billion, a PE ratio of 182.82, a P/E/G ratio of 1.19 and a beta of 1.27. Blue Owl Capital Inc. has a 12 month low of $9.70 and a 12 month high of $19.87. The firm’s 50-day moving average is $18.18 and its 200-day moving average is $15.51.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $494.04 million during the quarter, compared to analyst estimates of $438.77 million. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. During the same period in the previous year, the business earned $0.15 EPS. Analysts expect that Blue Owl Capital Inc. will post 0.84 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 3.07%. Blue Owl Capital’s dividend payout ratio is presently 560.06%.

Wall Street Analyst Weigh In

Several brokerages have commented on OWL. Piper Sandler raised their price objective on shares of Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Evercore ISI raised their price objective on shares of Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. UBS Group upgraded shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $22.00 in a report on Tuesday, April 2nd. JMP Securities reiterated a “market outperform” rating and set a $24.00 target price on shares of Blue Owl Capital in a report on Tuesday, April 9th. Finally, The Goldman Sachs Group lifted their target price on shares of Blue Owl Capital from $17.75 to $20.25 and gave the company a “buy” rating in a report on Monday, February 12th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.48.

Blue Owl Capital 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.