Freedom Day Solutions LLC Purchases Shares of 86,525 Blue Owl Capital Inc. (NYSE:OWL)

Freedom Day Solutions LLC purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 86,525 shares of the company's stock, valued at approximately $1,675,000.

Several other large investors have also bought and sold shares of OWL. Transcendent Capital Group LLC purchased a new position in shares of Blue Owl Capital in the 1st quarter worth approximately $26,000. ORG Partners LLC purchased a new position in Blue Owl Capital in the second quarter worth $32,000. ORG Wealth Partners LLC bought a new position in 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. Finally, Rothschild Investment LLC bought a new stake in shares of Blue Owl Capital during the 2nd quarter worth $45,000. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

NYSE OWL traded down $0.39 during trading hours on Friday, hitting $22.97. The company had a trading volume of 6,607,327 shares, compared to its average volume of 5,278,638. The firm has a market capitalization of $32.82 billion, a price-to-earnings ratio of 194.83, a PEG ratio of 1.29 and a beta of 1.18. Blue Owl Capital Inc. has a 52 week low of $12.15 and a 52 week high of $24.17. The firm has a 50 day simple moving average of $19.19 and a 200 day simple moving average of $18.52.

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

Blue Owl Capital Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital's dividend payout ratio is currently 600.00%.

Analyst Ratings Changes

Several equities analysts recently weighed in on OWL shares. Wells Fargo & Company increased their price target on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 9th. UBS Group increased their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a research report on Tuesday. Piper Sandler lifted their price target on shares of Blue Owl Capital from $20.00 to $23.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Oppenheimer increased their price objective on Blue Owl Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Finally, JMP Securities raised their target price on Blue Owl Capital from $24.00 to $25.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $21.65.

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.