Hexagon Capital Partners LLC Sells 1,421 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Hexagon Capital Partners LLC decreased its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 12.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,928 shares of the company’s stock after selling 1,421 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Blue Owl Capital were worth $187,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. acquired a new position in Blue Owl Capital in the fourth quarter worth about $26,000. Salem Investment Counselors Inc. raised its holdings in shares of Blue Owl Capital by 58.0% in the 4th 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 in the last quarter. New York State Teachers Retirement System bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $89,000. Private Trust Co. NA lifted its position in shares of Blue Owl Capital by 112.8% during the 4th quarter. Private Trust Co. NA now owns 6,570 shares of the company’s stock worth $98,000 after buying an additional 3,483 shares during the period. Finally, Signaturefd LLC boosted its stake in Blue Owl Capital by 26.8% in the 4th quarter. Signaturefd LLC now owns 7,473 shares of the company’s stock valued at $111,000 after buying an additional 1,580 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on OWL shares. JMP Securities reissued a “market outperform” rating and set a $24.00 price objective on shares of Blue Owl Capital in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $21.00 target price on shares of Blue Owl Capital in a research note on Monday, June 10th. UBS Group upgraded Blue Owl Capital from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $22.00 in a research report on Tuesday, April 2nd. Citigroup reaffirmed a “buy” rating and set a $21.00 price target on shares of Blue Owl Capital in a report on Tuesday, May 14th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $18.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 13th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.27.

Blue Owl Capital Trading Up 0.3 %

NYSE OWL opened at $17.81 on Tuesday. Blue Owl Capital Inc. has a 12 month low of $10.64 and a 12 month high of $19.87. The stock has a 50-day simple moving average of $18.21 and a 200 day simple moving average of $17.34. The company has a market capitalization of $25.45 billion, a PE ratio of 148.42, a P/E/G ratio of 1.08 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $486.55 million for the quarter, compared to the consensus estimate of $478.47 million. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.15%. As a group, sell-side analysts predict that Blue Owl Capital Inc. will post 0.82 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.04%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, May 20th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 600.00%.

About Blue Owl Capital

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.