Algert Global LLC Boosts Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Algert Global LLC raised its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 95.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 82,539 shares of the company's stock after purchasing an additional 40,340 shares during the period. Algert Global LLC's holdings in Blue Owl Capital were worth $1,598,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of OWL. Cerity Partners LLC lifted its position in shares of Blue Owl Capital by 3.2% during the 3rd quarter. Cerity Partners LLC now owns 190,455 shares of the company's stock valued at $3,687,000 after buying an additional 5,874 shares in the last quarter. Camden National Bank purchased a new position in Blue Owl Capital during the third quarter valued at approximately $203,000. Raymond James Trust N.A. lifted its holdings in Blue Owl Capital by 9.9% during the third quarter. Raymond James Trust N.A. now owns 12,332 shares of the company's stock valued at $239,000 after purchasing an additional 1,115 shares in the last quarter. King Luther Capital Management Corp boosted its position in shares of Blue Owl Capital by 0.6% in the third quarter. King Luther Capital Management Corp now owns 79,919 shares of the company's stock worth $1,547,000 after purchasing an additional 485 shares during the period. Finally, Hilton Capital Management LLC grew its position in shares of Blue Owl Capital by 3.9% during the third quarter. Hilton Capital Management LLC now owns 331,886 shares of the company's stock worth $6,425,000 after purchasing an additional 12,398 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on OWL shares. Piper Sandler upped their price target on Blue Owl Capital from $23.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. UBS Group boosted their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Evercore ISI lifted their target price on Blue Owl Capital from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. Wells Fargo & Company increased their price target on Blue Owl Capital from $18.50 to $21.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. Finally, JMP Securities boosted their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company a "market outperform" rating in a research report on Friday, November 15th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $22.31.

Blue Owl Capital Price Performance

NYSE OWL traded down $0.59 during trading on Thursday, reaching $23.77. 9,213,740 shares of the company's stock traded hands, compared to its average volume of 5,466,815. Blue Owl Capital Inc. has a 12-month low of $13.01 and a 12-month high of $25.03. The firm has a market cap of $35.50 billion, a price-to-earnings ratio of 139.83, a price-to-earnings-growth ratio of 1.63 and a beta of 1.14. The company's 50 day simple moving average is $21.80 and its two-hundred day simple moving average is $19.23.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $600.88 million for the quarter, compared to analyst estimates 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 last year, the company posted $0.16 earnings per share. Research analysts expect that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Monday, November 11th. Blue Owl Capital's payout ratio is 423.55%.

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.