Turtle Creek Wealth Advisors LLC Sells 265,672 Shares of Blue Owl Capital Inc. $OWL

Turtle Creek Wealth Advisors LLC reduced its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 24.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 807,268 shares of the company’s stock after selling 265,672 shares during the quarter. Blue Owl Capital makes up about 0.9% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 27th biggest holding. Turtle Creek Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $12,061,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at $171,000. Kingswood Wealth Advisors LLC raised its holdings in Blue Owl Capital by 1.2% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 76,939 shares of the company’s stock valued at $1,149,000 after buying an additional 909 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Blue Owl Capital by 19.7% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 114,690 shares of the company’s stock valued at $1,713,000 after buying an additional 18,855 shares during the last quarter. Probity Advisors Inc. bought a new stake in Blue Owl Capital during the 4th quarter valued at $235,000. Finally, Evergreen Capital Management LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at $817,000. 35.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OWL has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Blue Owl Capital from a “buy” rating to a “hold” rating and lowered their price target for the company from $15.00 to $10.00 in a report on Tuesday, February 24th. Piper Sandler decreased their price objective on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Evercore set a $14.00 price objective on shares of Blue Owl Capital in a report on Friday, February 6th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Blue Owl Capital in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.84.

Blue Owl Capital Trading Down 4.9%

Shares of NYSE OWL opened at $9.44 on Friday. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $21.08. The firm has a market capitalization of $14.67 billion, a PE ratio of 94.37, a price-to-earnings-growth ratio of 1.08 and a beta of 1.21. The firm has a fifty day simple moving average of $9.70 and a two-hundred day simple moving average of $13.31.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. The business had revenue of $701.47 million during the quarter, compared to analyst estimates of $712.75 million. On average, sell-side analysts predict that Blue Owl Capital Inc. will post 0.9 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 9.5%. The ex-dividend date was Friday, February 20th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 900.00%.

Blue Owl Capital Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.