Hudson Valley Investment Advisors Inc. ADV acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 170,839 shares of the company's stock, valued at approximately $3,307,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in OWL. Capital World Investors grew its position in shares of Blue Owl Capital by 0.3% during the 1st quarter. Capital World Investors now owns 63,339,128 shares of the company's stock worth $1,194,576,000 after buying an additional 163,377 shares in the last quarter. Vanguard Group Inc. raised its position in Blue Owl Capital by 0.6% during the first quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company's stock valued at $768,199,000 after acquiring an additional 250,977 shares in the last quarter. Capital International Investors raised its position in Blue Owl Capital by 0.3% during the first quarter. Capital International Investors now owns 33,284,962 shares of the company's stock valued at $627,754,000 after acquiring an additional 107,321 shares in the last quarter. Capital Research Global Investors raised its position in Blue Owl Capital by 11.9% during the first quarter. Capital Research Global Investors now owns 10,512,628 shares of the company's stock valued at $198,268,000 after acquiring an additional 1,121,064 shares in the last quarter. Finally, Stone Point Capital LLC acquired a new stake in Blue Owl Capital in the second quarter valued at approximately $112,749,000. 35.85% of the stock is currently owned by institutional investors.
Blue Owl Capital Trading Down 3.2 %
OWL stock traded down $0.75 during mid-day trading on Thursday, reaching $22.35. 11,146,796 shares of the stock traded hands, compared to its average volume of 5,318,177. Blue Owl Capital Inc. has a 52-week low of $12.19 and a 52-week high of $24.17. The company has a market cap of $32.71 billion, a P/E ratio of 139.69, a P/E/G ratio of 1.29 and a beta of 1.18. The stock's fifty day moving average is $19.72 and its 200-day moving average is $18.66.
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 company had revenue of $549.85 million for the quarter, compared to the consensus estimate 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 last year, the company posted $0.16 earnings per share. Equities research analysts expect that Blue Owl Capital Inc. will post 0.79 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages have commented on OWL. UBS Group raised their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on Blue Owl Capital from $21.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. JMP Securities upped their price target on Blue Owl Capital from $24.00 to $25.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 9th. Oppenheimer increased their target price 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. Finally, Piper Sandler increased their price target on Blue Owl Capital from $20.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $21.65.
Read Our Latest Stock Analysis on Blue Owl Capital
Blue Owl Capital Company Profile
(
Free Report)
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.
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