Concurrent Investment Advisors LLC bought a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 51,687 shares of the company's stock, valued at approximately $1,001,000.
Several other large investors have also modified their holdings of the stock. Transcendent Capital Group LLC purchased a new position in Blue Owl Capital during the 1st quarter worth $26,000. ORG Partners LLC acquired a new stake in Blue Owl Capital in the second quarter valued at about $32,000. ORG Wealth Partners LLC purchased a new stake in Blue Owl Capital in the 3rd quarter valued at approximately $32,000. Family Firm Inc. acquired a new position in Blue Owl Capital during the 2nd quarter worth approximately $40,000. Finally, Rothschild Investment LLC purchased a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 35.85% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on OWL shares. Wells Fargo & Company lifted their price target on Blue Owl Capital from $18.50 to $21.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 9th. UBS Group boosted 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. Piper Sandler increased their price target on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, November 1st. JMP Securities boosted their price objective on shares of Blue Owl Capital from $24.00 to $25.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. 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 MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.15.
Check Out Our Latest Report on OWL
Blue Owl Capital Stock Up 1.5 %
Shares of OWL traded up $0.34 on Friday, hitting $22.90. 6,228,785 shares of the stock traded hands, compared to its average volume of 6,460,353. The firm has a market capitalization of $33.51 billion, a P/E ratio of 134.71, a P/E/G ratio of 1.57 and a beta of 1.14. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $24.17. The stock's 50 day moving average is $20.28 and its two-hundred day moving average is $18.81.
Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.20 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 20.61%. The firm had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same quarter last year, the firm posted $0.16 earnings per share. Research analysts forecast that Blue Owl Capital Inc. will post 0.78 EPS for the current year.
Blue Owl Capital Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be paid a $0.18 dividend. The ex-dividend date is Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.14%. Blue Owl Capital's dividend payout ratio (DPR) is currently 423.55%.
About Blue Owl Capital
(
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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