Border to Coast Pensions Partnership Ltd Purchases 175,000 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Border to Coast Pensions Partnership Ltd raised its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 58.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 475,000 shares of the company's stock after buying an additional 175,000 shares during the period. Border to Coast Pensions Partnership Ltd's holdings in Blue Owl Capital were worth $9,169,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OWL. Affinity Wealth Management LLC grew its holdings in Blue Owl Capital by 5.3% during the third quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company's stock worth $258,000 after acquiring an additional 675 shares during the period. Raymond James Trust N.A. raised its holdings in shares of Blue Owl Capital by 6.7% in the 2nd quarter. Raymond James Trust N.A. now owns 11,217 shares of the company's stock worth $199,000 after purchasing an additional 708 shares in the last quarter. Capital Insight Partners LLC lifted its stake in Blue Owl Capital by 2.6% during the second quarter. Capital Insight Partners LLC now owns 32,637 shares of the company's stock valued at $579,000 after purchasing an additional 815 shares during the last quarter. Great Diamond Partners LLC boosted its holdings in Blue Owl Capital by 2.5% during the second quarter. Great Diamond Partners LLC now owns 42,626 shares of the company's stock worth $757,000 after buying an additional 1,030 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Blue Owl Capital by 4.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,998 shares of the company's stock worth $479,000 after buying an additional 1,103 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Down 0.4 %

Shares of NYSE:OWL traded down $0.09 during trading on Monday, reaching $23.76. 4,780,312 shares of the company traded hands, compared to its average volume of 5,257,019. Blue Owl Capital Inc. has a 1-year low of $12.11 and a 1-year high of $24.17. The firm has a market cap of $33.95 billion, a P/E ratio of 198.00, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. The firm has a fifty day simple moving average of $18.86 and a 200 day simple moving average of $18.43.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $549.85 million during the quarter, compared to analysts' expectations of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same quarter in the previous year, the business posted $0.16 EPS. As a group, research analysts anticipate that Blue Owl Capital Inc. will post 0.79 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital's payout ratio is presently 600.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. UBS Group cut their price objective on Blue Owl Capital from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, July 10th. TD Cowen reiterated a "hold" rating and issued a $19.00 price target (down previously from $21.50) on shares of Blue Owl Capital in a research report on Monday, July 8th. Oppenheimer boosted their price objective on Blue Owl Capital from $21.00 to $24.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Blue Owl Capital from $21.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Finally, Evercore ISI lifted their target price 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. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $21.15.

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.