Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC cut its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 71.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,578 shares of the company's stock after selling 27,114 shares during the period. Frank Rimerman Advisors LLC's holdings in Blue Owl Capital were worth $205,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Affinity Wealth Management LLC boosted its stake in shares of Blue Owl Capital by 5.3% during the 3rd quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company's stock worth $258,000 after purchasing an additional 675 shares during the period. Raymond James Trust N.A. boosted its position in 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 valued at $199,000 after buying an additional 708 shares during the period. Capital Insight Partners LLC boosted its position in Blue Owl Capital by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 32,637 shares of the company's stock valued at $579,000 after buying an additional 815 shares during the period. Private Advisor Group LLC boosted its position in Blue Owl Capital by 2.3% in the 3rd quarter. Private Advisor Group LLC now owns 38,986 shares of the company's stock valued at $755,000 after buying an additional 885 shares during the period. Finally, Great Diamond Partners LLC boosted its position in Blue Owl Capital by 2.5% in the 2nd quarter. Great Diamond Partners LLC now owns 42,626 shares of the company's stock valued at $757,000 after buying an additional 1,030 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on OWL shares. Evercore ISI boosted their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. Piper Sandler boosted their price objective on shares of Blue Owl Capital from $20.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft lowered 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 report on Friday, August 2nd. JMP Securities boosted their price objective on shares of Blue Owl Capital from $24.00 to $25.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 9th. Finally, Oppenheimer boosted their price target on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital currently has an average rating of "Moderate Buy" and a consensus target price of $21.65.

Blue Owl Capital Stock Performance

NYSE OWL traded up $0.24 during mid-day trading on Tuesday, reaching $23.28. 4,983,151 shares of the stock were exchanged, compared to its average volume of 5,286,766. The business's 50 day moving average is $19.51 and its 200-day moving average is $18.60. Blue Owl Capital Inc. has a 1 year low of $12.15 and a 1 year high of $24.17. The company has a market capitalization of $33.26 billion, a P/E ratio of 194.00, a P/E/G ratio of 1.29 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.19. The firm had revenue of $549.85 million for the quarter, compared to the consensus estimate of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same period in the prior year, the firm posted $0.16 earnings per share. Equities analysts predict that Blue Owl Capital Inc. will post 0.79 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.09%. The ex-dividend date was Wednesday, August 21st. Blue Owl Capital's payout ratio is 600.00%.

Blue Owl Capital Company 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.