Townsquare Capital LLC Sells 367,084 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Townsquare Capital LLC lessened its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 96.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,406 shares of the company's stock after selling 367,084 shares during the period. Townsquare Capital LLC's holdings in Blue Owl Capital were worth $260,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC increased its holdings in Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company's stock worth $683,874,000 after purchasing an additional 8,138,475 shares in the last quarter. Stone Point Capital LLC acquired a new position in Blue Owl Capital during the 2nd quarter worth approximately $112,749,000. State of New Jersey Common Pension Fund A bought a new stake in shares of Blue Owl Capital during the second quarter valued at approximately $63,115,000. Ceredex Value Advisors LLC acquired a new position in Blue Owl Capital during the second quarter worth $32,387,000. Finally, Point72 Asset Management L.P. boosted its stake in Blue Owl Capital by 69.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company's stock valued at $73,035,000 after purchasing an additional 1,683,408 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Blue Owl Capital Stock Up 0.4 %

OWL traded up $0.10 during trading hours on Friday, hitting $23.60. The stock had a trading volume of 6,489,788 shares, compared to its average volume of 6,424,533. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $25.03. The company's fifty day simple moving average is $22.54 and its 200 day simple moving average is $19.49. The stock has a market cap of $35.25 billion, a PE ratio of 138.71, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The company had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. As a group, equities analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Dividend Announcement

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. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a yield of 3.05%. Blue Owl Capital's dividend payout ratio (DPR) is 423.55%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OWL. Oppenheimer upped their price target on Blue Owl Capital from $21.00 to $24.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Piper Sandler upped their target price 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. Evercore ISI raised 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. UBS Group upped their price objective 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. Finally, JMP Securities reissued a "market outperform" rating and set a $27.00 target price on shares of Blue Owl Capital in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $22.31.

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.