Blue Owl Capital Inc. (NYSE:OWL) Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC increased its stake in Blue Owl Capital Inc. (NYSE:OWL) by 9,585.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,086 shares of the company’s stock after acquiring an additional 24,827 shares during the period. Global Retirement Partners LLC’s holdings in Blue Owl Capital were worth $486,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OWL. Transcendent Capital Group LLC acquired a new stake in Blue Owl Capital during the first quarter worth approximately $26,000. ORG Wealth Partners LLC acquired a new stake in Blue Owl Capital during the 3rd quarter worth $32,000. ORG Partners LLC acquired a new stake in Blue Owl Capital during the 2nd quarter worth $32,000. Family Firm Inc. purchased a new stake in Blue Owl Capital in the second quarter valued at $40,000. Finally, Rothschild Investment LLC acquired a new position in Blue Owl Capital in the second quarter valued at $45,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 0.4 %

Shares of Blue Owl Capital stock opened at $23.76 on Tuesday. The firm has a market cap of $33.95 billion, a price-to-earnings ratio of 198.00, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. Blue Owl Capital Inc. has a 52-week low of $12.11 and a 52-week high of $24.17. The company’s 50-day simple moving average is $18.86 and its 200-day simple moving average is $18.43.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. The business had revenue of $549.85 million during the quarter, compared to the consensus estimate of $507.22 million. During the same period in the prior year, the business posted $0.16 EPS. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.79 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.72 annualized dividend and a dividend yield of 3.03%. Blue Owl Capital’s payout ratio is currently 600.00%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on OWL shares. Oppenheimer boosted their target price on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. TD Cowen reissued a “hold” rating and issued a $19.00 price objective (down from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. UBS Group reduced their price target on shares of Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Piper Sandler raised their price objective on shares of Blue Owl Capital from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.15.

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.