Newlight Partners LP Has $69.45 Million Position in Blue Owl Capital Inc. (NYSE:OWL)

Newlight Partners LP reduced its stake in Blue Owl Capital Inc. (NYSE:OWL) by 45.1% during the 4th quarter, Holdings Channel reports. The fund owned 4,661,009 shares of the company’s stock after selling 3,825,613 shares during the period. Blue Owl Capital makes up about 41.2% of Newlight Partners LP’s investment portfolio, making the stock its 2nd largest position. Newlight Partners LP’s holdings in Blue Owl Capital were worth $69,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Blue Owl Capital by 3.3% during the third quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company’s stock worth $520,983,000 after acquiring an additional 1,293,941 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of Blue Owl Capital in the third quarter valued at approximately $59,997,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Blue Owl Capital in the third quarter valued at approximately $51,840,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Blue Owl Capital by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,694 shares of the company’s stock valued at $53,948,000 after buying an additional 100,188 shares during the period. Finally, HighTower Advisors LLC grew its position in Blue Owl Capital by 35.2% during the third quarter. HighTower Advisors LLC now owns 2,487,840 shares of the company’s stock worth $32,242,000 after buying an additional 647,815 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 1.3 %

NYSE:OWL traded up $0.25 on Monday, hitting $19.04. The company had a trading volume of 5,126,420 shares, compared to its average volume of 4,370,758. Blue Owl Capital Inc. has a 52 week low of $9.70 and a 52 week high of $19.87. The stock has a market capitalization of $27.20 billion, a price-to-earnings ratio of 190.42, a PEG ratio of 1.22 and a beta of 1.27. The firm has a 50 day moving average of $18.29 and a two-hundred day moving average of $15.76.

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

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Thursday, February 22nd. Blue Owl Capital’s payout ratio is 560.06%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OWL shares. UBS Group upgraded Blue Owl Capital from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.00 to $22.00 in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $19.00 target price on shares of Blue Owl Capital in a report on Thursday, April 4th. TD Cowen assumed coverage on shares of Blue Owl Capital in a research report on Thursday, January 4th. They issued an “outperform” rating and a $17.00 target price for the company. Piper Sandler increased their price target on shares of Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.48.

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.