Empowered Funds LLC Acquires 64,790 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Empowered Funds LLC boosted its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 19.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,894 shares of the company's stock after purchasing an additional 64,790 shares during the period. Empowered Funds LLC's holdings in Blue Owl Capital were worth $7,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OWL. Stone Point Capital LLC acquired a new stake in shares of Blue Owl Capital during the 2nd quarter worth about $112,749,000. Kinetic Partners Management LP purchased a new stake in shares of Blue Owl Capital during the 1st quarter worth approximately $69,600,000. State of New Jersey Common Pension Fund A purchased a new stake in Blue Owl Capital in the second quarter valued at $63,115,000. Ceredex Value Advisors LLC purchased a new position in Blue Owl Capital during the 2nd quarter worth approximately $32,387,000. Finally, Point72 Asset Management L.P. grew its position in shares of Blue Owl Capital by 69.2% during the second quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company's stock worth $73,035,000 after acquiring an additional 1,683,408 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Down 0.5 %

Blue Owl Capital stock traded down $0.12 during midday trading on Friday, hitting $22.59. The company's stock had a trading volume of 3,715,051 shares, compared to its average volume of 5,412,084. Blue Owl Capital Inc. has a 12 month low of $13.01 and a 12 month high of $24.17. The company has a market capitalization of $33.06 billion, a PE ratio of 132.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14. The stock's 50-day moving average price is $20.88 and its 200-day moving average price is $18.95.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting analysts' consensus estimates 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 previous year, the firm earned $0.16 EPS. As a group, equities analysts anticipate that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.19%. Blue Owl Capital's dividend payout ratio (DPR) is presently 423.53%.

Analysts Set New Price Targets

A number of equities analysts have commented on OWL shares. Evercore ISI upped their price objective 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. Deutsche Bank Aktiengesellschaft raised their price target on Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, November 1st. JMP Securities lifted their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the stock a "market outperform" rating in a research report on Friday. Wells Fargo & Company upped their target price on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. Finally, UBS Group lifted their price objective on 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 issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.