Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC boosted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,986 shares of the company’s stock after buying an additional 885 shares during the quarter. Private Advisor Group LLC’s holdings in Blue Owl Capital were worth $755,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OWL. Transcendent Capital Group LLC acquired a new position in Blue Owl Capital during the first quarter worth about $26,000. ORG Partners LLC acquired a new position in Blue Owl Capital during the second quarter worth about $32,000. ORG Wealth Partners LLC acquired a new position in Blue Owl Capital during the third quarter worth about $32,000. Family Firm Inc. acquired a new position in Blue Owl Capital during the second quarter worth about $40,000. Finally, Rothschild Investment LLC acquired a new position in Blue Owl Capital during the second quarter worth about $45,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of OWL opened at $21.45 on Friday. The company has a market capitalization of $31.39 billion, a price-to-earnings ratio of 134.07, a PEG ratio of 1.49 and a beta of 1.18. The company’s 50 day simple moving average is $19.81 and its 200 day simple moving average is $18.68. Blue Owl Capital Inc. has a 1 year low of $12.24 and a 1 year high of $24.17.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $549.85 million for the quarter, compared to the consensus estimate of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Equities analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Monday, November 11th. Blue Owl Capital’s dividend payout ratio is currently 450.03%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on OWL shares. Evercore ISI upped their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Piper Sandler increased their price target on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday. Oppenheimer increased their price target on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. JMP Securities increased their price target on shares of Blue Owl Capital from $24.00 to $25.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus target price of $22.15.

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.