Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd reduced its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 94.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,332 shares of the company's stock after selling 21,567 shares during the period. Harvest Fund Management Co. Ltd's holdings in Blue Owl Capital were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. King Luther Capital Management Corp grew its stake in shares of Blue Owl Capital by 0.6% in the 3rd quarter. King Luther Capital Management Corp now owns 79,919 shares of the company's stock worth $1,547,000 after buying an additional 485 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Blue Owl Capital by 1.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company's stock worth $1,009,000 after purchasing an additional 565 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Blue Owl Capital by 0.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company's stock worth $1,851,000 after purchasing an additional 575 shares during the period. MAI Capital Management boosted its stake in shares of Blue Owl Capital by 0.3% during the 3rd quarter. MAI Capital Management now owns 189,251 shares of the company's stock worth $3,664,000 after purchasing an additional 607 shares during the period. Finally, Affinity Wealth Management LLC boosted its stake in shares of Blue Owl Capital by 5.3% during the 3rd quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company's stock worth $258,000 after purchasing an additional 675 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 0.2 %

Shares of NYSE OWL traded down $0.04 during trading hours on Friday, hitting $23.73. 2,852,665 shares of the stock were exchanged, compared to its average volume of 5,455,500. The company has a market cap of $35.44 billion, a PE ratio of 139.60, a PEG ratio of 1.59 and a beta of 1.14. The firm has a fifty day moving average price of $22.02 and a 200-day moving average price of $19.30. Blue Owl Capital Inc. has a 12 month low of $13.01 and a 12 month high of $25.03.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released 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 the consensus estimate 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 prior year, the firm earned $0.16 EPS. As a group, equities analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared 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 3.03%. The ex-dividend date was Monday, November 11th. Blue Owl Capital's dividend payout ratio (DPR) is presently 423.55%.

Analysts Set New Price Targets

A number of equities analysts recently commented on OWL shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Piper Sandler lifted their price target on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. JMP Securities lifted their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock a "market outperform" rating in a research note on Friday, November 15th. Wells Fargo & Company lifted their price target on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 9th. Finally, UBS Group boosted their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.31.

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.