Catalyst Capital Advisors LLC Takes $839,000 Position in Blue Owl Capital Inc. (NYSE:OWL)

Catalyst Capital Advisors LLC acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 43,350 shares of the company's stock, valued at approximately $839,000.

Other institutional investors also recently made changes to their positions in the company. Capital World Investors boosted its position in Blue Owl Capital by 0.3% during the 1st quarter. Capital World Investors now owns 63,339,128 shares of the company's stock valued at $1,194,576,000 after buying an additional 163,377 shares during the period. Vanguard Group Inc. boosted its position in Blue Owl Capital by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company's stock valued at $768,199,000 after buying an additional 250,977 shares during the period. Capital International Investors boosted its position in Blue Owl Capital by 0.3% during the 1st quarter. Capital International Investors now owns 33,284,962 shares of the company's stock valued at $627,754,000 after buying an additional 107,321 shares during the period. Capital Research Global Investors boosted its position in Blue Owl Capital by 11.9% during the 1st quarter. Capital Research Global Investors now owns 10,512,628 shares of the company's stock valued at $198,268,000 after buying an additional 1,121,064 shares during the period. Finally, Stone Point Capital LLC purchased a new stake in Blue Owl Capital during the 2nd quarter valued at $112,749,000. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analysts Set New Price Targets

OWL has been the subject of several analyst reports. Oppenheimer increased their price target on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. JMP Securities raised their target price on shares of Blue Owl Capital from $24.00 to $25.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 9th. Evercore ISI raised their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. Wells Fargo & Company increased 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 increased their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $22.15.

Blue Owl Capital Stock Up 9.8 %

NYSE:OWL traded up $2.09 during trading hours on Wednesday, hitting $23.40. 12,905,008 shares of the stock traded hands, compared to its average volume of 5,372,519. Blue Owl Capital Inc. has a 1 year low of $12.90 and a 1 year high of $24.17. The company has a market cap of $34.25 billion, a price-to-earnings ratio of 135.01, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The stock has a 50 day moving average price of $19.95 and a 200 day moving average price of $18.72.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share 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 20.61%. The business had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. Equities analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital's dividend payout ratio is currently 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.