Dearborn Partners LLC acquired a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 29,098 shares of the company's stock, valued at approximately $563,000.
Other institutional investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in Blue Owl Capital in the 1st quarter worth approximately $26,000. ORG Partners LLC bought a new stake in shares of Blue Owl Capital during the 2nd quarter valued at $32,000. ORG Wealth Partners LLC bought a new stake in shares of Blue Owl Capital during the 3rd quarter valued at $32,000. Family Firm Inc. bought a new stake in shares of Blue Owl Capital during the 2nd quarter valued at $40,000. Finally, Rothschild Investment LLC bought a new stake in shares of Blue Owl Capital during the 2nd quarter valued at $45,000. Institutional investors own 35.85% of the company's stock.
Analysts Set New Price Targets
Several brokerages have commented on OWL. Deutsche Bank Aktiengesellschaft upped their target price on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Piper Sandler boosted 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. UBS Group boosted their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. JMP Securities boosted their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company a "market outperform" rating in a report on Friday. Finally, Evercore ISI boosted their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Blue Owl Capital has an average rating of "Moderate Buy" and a consensus price target of $22.31.
Check Out Our Latest Stock Analysis on Blue Owl Capital
Blue Owl Capital Price Performance
NYSE OWL traded down $0.12 during mid-day trading on Friday, reaching $22.59. 3,715,051 shares of the stock were exchanged, compared to its average volume of 5,412,084. Blue Owl Capital Inc. has a one year low of $13.01 and a one year high of $24.17. The stock has a 50 day simple moving average of $20.88 and a 200-day simple moving average of $18.95. The stock has a market cap of $33.06 billion, a P/E ratio of 132.88, a P/E/G ratio of 1.50 and a beta of 1.14.
Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting 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 business had revenue of $600.88 million for the quarter, compared to analysts' expectations of $565.93 million. During the same period in the previous year, the company earned $0.16 earnings per share. Sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.
Blue Owl Capital Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders 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 yield of 3.19%. Blue Owl Capital's dividend payout ratio is presently 423.53%.
Blue Owl Capital Profile
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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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