Segall Bryant & Hamill LLC acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 46,475 shares of the company's stock, valued at approximately $900,000.
A number of other hedge funds and other institutional investors have also modified their holdings of OWL. Transcendent Capital Group LLC acquired a new position in Blue Owl Capital in the first quarter valued at approximately $26,000. ORG Wealth Partners LLC purchased a new position in shares of Blue Owl Capital in the 3rd quarter valued at $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 institutional investors and hedge funds.
Blue Owl Capital Price Performance
Shares of OWL stock traded up $0.22 during trading hours on Friday, reaching $24.55. 4,516,312 shares of the company's stock were exchanged, compared to its average volume of 7,224,087. The company's 50 day moving average is $21.55 and its two-hundred day moving average is $19.15. The company has a market cap of $36.67 billion, a P/E ratio of 144.41, a price-to-earnings-growth ratio of 1.63 and a beta of 1.14. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $24.70.
Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $600.88 million during the quarter, compared to analysts' expectations of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter in the prior year, the business posted $0.16 earnings per share. As a group, analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.
Blue Owl Capital Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Monday, November 11th. Blue Owl Capital's dividend payout ratio is currently 423.53%.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on OWL. JMP Securities lifted their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock a "market outperform" rating in a research report on Friday, November 15th. Oppenheimer boosted their price objective 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 raised their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Evercore ISI upped their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.31.
Check Out Our Latest Analysis on OWL
Blue Owl Capital Profile
(
Free Report)
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.
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