Camden National Bank Sells 534 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Camden National Bank trimmed its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 5.1% in the 4th quarter, Holdings Channel reports. The firm owned 9,946 shares of the company’s stock after selling 534 shares during the period. Camden National Bank’s holdings in Blue Owl Capital were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of OWL. Edgestream Partners L.P. increased its stake in shares of Blue Owl Capital by 56.1% in the 4th quarter. Edgestream Partners L.P. now owns 154,348 shares of the company’s stock worth $3,590,000 after purchasing an additional 55,451 shares in the last quarter. Townsend Asset Management Corp NC ADV raised its position in shares of Blue Owl Capital by 16.5% during the fourth quarter. Townsend Asset Management Corp NC ADV now owns 264,953 shares of the company’s stock valued at $6,163,000 after buying an additional 37,445 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Blue Owl Capital in the 4th quarter worth $15,206,000. Arizona State Retirement System lifted its position in shares of Blue Owl Capital by 14.7% in the fourth quarter. Arizona State Retirement System now owns 154,708 shares of the company’s stock worth $3,599,000 after buying an additional 19,810 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Blue Owl Capital during the 4th quarter valued at approximately $487,000. 35.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Citigroup reissued a “buy” rating and issued a $30.00 target price on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods increased their target price 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. Piper Sandler lifted their price target on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and increased their target price for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Finally, Evercore ISI raised their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.48.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $19.49 on Friday. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73. The company has a market cap of $29.96 billion, a PE ratio of 114.62, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. The stock’s 50 day moving average price is $23.40 and its 200 day moving average price is $22.04.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

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.