Los Angeles Capital Management LLC Decreases Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Los Angeles Capital Management LLC trimmed its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 98.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,882 shares of the company's stock after selling 775,095 shares during the quarter. Los Angeles Capital Management LLC's holdings in Blue Owl Capital were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. acquired a new stake in Blue Owl Capital during the 1st quarter worth about $221,000. SG Americas Securities LLC increased its position in Blue Owl Capital by 65.2% in the 1st quarter. SG Americas Securities LLC now owns 16,208 shares of the company's stock worth $306,000 after purchasing an additional 6,394 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Blue Owl Capital by 6,783.8% during the 1st quarter. Russell Investments Group Ltd. now owns 25,470 shares of the company's stock valued at $480,000 after buying an additional 25,100 shares during the last quarter. Orion Portfolio Solutions LLC bought a new stake in Blue Owl Capital in the first quarter worth approximately $901,000. Finally, Vanguard Group Inc. boosted its holdings in Blue Owl Capital by 0.6% in the first quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company's stock worth $768,199,000 after purchasing an additional 250,977 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OWL has been the topic of several research analyst reports. JMP Securities raised their price target on Blue Owl Capital from $25.00 to $27.00 and gave the company a "market outperform" rating in a research report on Friday. Oppenheimer boosted their price objective on Blue Owl Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. UBS Group raised 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. Evercore ISI upped their target price on Blue Owl Capital from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. Finally, 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 report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.31.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock traded up $0.37 on Tuesday, reaching $23.45. The company had a trading volume of 4,494,706 shares, compared to its average volume of 5,403,868. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $24.17. The firm's 50-day moving average price is $21.01 and its two-hundred day moving average price is $18.99. The firm has a market cap of $35.02 billion, a price-to-earnings ratio of 135.74, a P/E/G ratio of 1.51 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting analysts' consensus estimates of $0.20. The company had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter last year, the company earned $0.16 earnings per share. As a group, analysts anticipate that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed 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 3.07%. Blue Owl Capital's payout ratio is presently 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.