Ceredex Value Advisors LLC Decreases Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Ceredex Value Advisors LLC reduced its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,760,900 shares of the company's stock after selling 63,700 shares during the quarter. Ceredex Value Advisors LLC owned about 0.12% of Blue Owl Capital worth $34,091,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in shares of Blue Owl Capital during the first quarter worth about $26,000. ORG Wealth Partners LLC purchased a new stake in Blue Owl Capital in the third quarter valued at approximately $32,000. ORG Partners LLC acquired a new stake in shares of Blue Owl Capital in the second quarter valued at approximately $32,000. Family Firm Inc. acquired a new stake in shares of Blue Owl Capital in the second quarter valued at approximately $40,000. Finally, Rothschild Investment LLC purchased a new position in shares of Blue Owl Capital during the second quarter worth approximately $45,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company upped 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. Oppenheimer upped their target price 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. Piper Sandler raised their price target on Blue Owl Capital from $23.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday. Finally, UBS Group increased their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.15.

Blue Owl Capital Stock Performance

NYSE:OWL traded down $0.91 during trading hours on Friday, hitting $21.45. The company's stock had a trading volume of 9,159,480 shares, compared to its average volume of 5,336,298. Blue Owl Capital Inc. has a 52-week low of $12.24 and a 52-week high of $24.17. The business's 50-day moving average is $19.81 and its two-hundred day moving average is $18.68. The company has a market capitalization of $31.39 billion, a PE ratio of 134.07, a PEG ratio of 1.49 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, meeting analysts' consensus estimates of $0.19. The business had revenue of $549.85 million during 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 quarter last year, the firm posted $0.16 EPS. As a group, analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.36%. Blue Owl Capital's payout ratio is 450.03%.

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.