FORA Capital LLC Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

FORA Capital 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 Securities and Exchange Commission (SEC). The fund acquired 104,920 shares of the company's stock, valued at approximately $2,031,000.

Several other large investors have also recently added to or reduced their stakes in the business. ORG Partners LLC purchased a new position in shares of Blue Owl Capital during the 2nd quarter worth about $32,000. ORG Wealth Partners LLC acquired a new position in shares of Blue Owl Capital in the 3rd quarter valued at $32,000. Family Firm Inc. purchased a new stake in shares of Blue Owl Capital during the 2nd quarter valued at $40,000. Rothschild Investment LLC acquired a new stake in shares of Blue Owl Capital during the 2nd quarter worth $45,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Blue Owl Capital in the 2nd quarter worth $88,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Down 2.4 %

NYSE OWL traded down $0.59 during mid-day trading on Thursday, reaching $23.77. 9,213,740 shares of the company's stock traded hands, compared to its average volume of 5,466,815. Blue Owl Capital Inc. has a 1-year low of $13.01 and a 1-year high of $25.03. The company has a fifty day simple moving average of $21.80 and a 200-day simple moving average of $19.23. The company has a market cap of $35.50 billion, a price-to-earnings ratio of 139.83, a P/E/G ratio of 1.63 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 analysts' consensus estimates of $0.20. The business had revenue of $600.88 million during 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 quarter last year, the company earned $0.16 earnings per share. Equities research analysts forecast that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 annualized dividend and a dividend yield of 3.03%. Blue Owl Capital's payout ratio is 423.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Oppenheimer upped their price target on Blue Owl Capital from $21.00 to $24.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their price target 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. Wells Fargo & Company increased their price objective on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 9th. JMP Securities lifted their target price 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, November 15th. Finally, Evercore ISI increased their price target on Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.