Atria Investments Inc Buys 5,275 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Atria Investments Inc lifted its stake in Blue Owl Capital Inc. (NYSE:OWL) by 48.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,222 shares of the company’s stock after purchasing an additional 5,275 shares during the period. Atria Investments Inc’s holdings in Blue Owl Capital were worth $314,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of OWL. Verdence Capital Advisors LLC increased its position in Blue Owl Capital by 16.9% in the third quarter. Verdence Capital Advisors LLC now owns 114,901 shares of the company’s stock worth $2,224,000 after purchasing an additional 16,571 shares during the period. SpiderRock Advisors LLC grew its position in shares of Blue Owl Capital by 2.3% during the 3rd quarter. SpiderRock Advisors LLC now owns 30,630 shares of the company’s stock worth $593,000 after buying an additional 701 shares during the period. M&G PLC acquired a new stake in shares of Blue Owl Capital during the 3rd quarter worth approximately $14,720,000. Concurrent Investment Advisors LLC bought a new stake in shares of Blue Owl Capital during the third quarter worth approximately $1,001,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Blue Owl Capital in the third quarter valued at approximately $839,000. Institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JMP Securities lifted their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock a “market outperform” rating in a report on Friday, November 15th. Evercore ISI upped their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Oppenheimer increased their target price on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. UBS Group boosted their target price on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, 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, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.31.

Blue Owl Capital Stock Performance

Shares of OWL opened at $24.55 on Friday. The firm has a market cap of $36.67 billion, a P/E ratio of 144.42, a PEG ratio of 1.57 and a beta of 1.14. Blue Owl Capital Inc. has a twelve month low of $13.01 and a twelve month high of $24.70. The firm’s 50 day moving average price is $21.55 and its two-hundred day moving average price is $19.14.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $600.88 million for the quarter, compared to analysts’ expectations of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same period in the previous year, the firm posted $0.16 EPS. On average, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a dividend of $0.18 per share. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a dividend yield of 2.93%. Blue Owl Capital’s dividend payout ratio is currently 423.55%.

Blue Owl Capital Company 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.