Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by Cortland Associates Inc. MO

Cortland Associates Inc. MO lifted its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 30.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,038,244 shares of the company's stock after purchasing an additional 473,608 shares during the quarter. Blue Owl Capital accounts for approximately 4.8% of Cortland Associates Inc. MO's holdings, making the stock its 10th largest position. Cortland Associates Inc. MO owned approximately 0.14% of Blue Owl Capital worth $39,460,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OWL. Capital World Investors lifted its holdings in shares of Blue Owl Capital by 0.3% in the first quarter. Capital World Investors now owns 63,339,128 shares of the company's stock valued at $1,194,576,000 after buying an additional 163,377 shares during the period. Vanguard Group Inc. boosted its position in shares of Blue Owl Capital by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company's stock valued at $768,199,000 after purchasing an additional 250,977 shares in the last quarter. Capital International Investors grew its stake in shares of Blue Owl Capital by 0.3% in the 1st quarter. Capital International Investors now owns 33,284,962 shares of the company's stock worth $627,754,000 after purchasing an additional 107,321 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Blue Owl Capital by 11.9% in the 1st quarter. Capital Research Global Investors now owns 10,512,628 shares of the company's stock worth $198,268,000 after purchasing an additional 1,121,064 shares in the last quarter. Finally, Stone Point Capital LLC acquired a new stake in Blue Owl Capital during the second quarter valued at approximately $112,749,000. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Trading Down 2.2 %

NYSE OWL traded down $0.48 during trading on Monday, reaching $20.97. The company's stock had a trading volume of 6,285,151 shares, compared to its average volume of 5,340,752. The stock has a market capitalization of $30.69 billion, a PE ratio of 126.18, a PEG ratio of 1.45 and a beta of 1.14. Blue Owl Capital Inc. has a 1-year low of $12.83 and a 1-year high of $24.17. The business has a 50-day moving average price of $19.81 and a 200-day moving average price of $18.68.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting analysts' consensus estimates of $0.20. Blue Owl Capital had a return on equity of 20.61% and a net margin of 4.95%. The business had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same quarter in the prior year, the firm posted $0.16 EPS. As a group, analysts expect that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital's dividend payout ratio is 423.55%.

Analyst Ratings Changes

OWL has been the topic of several research reports. Wells Fargo & Company upped their price target on Blue Owl Capital from $18.50 to $21.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. 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. UBS Group boosted their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a report on Friday. Finally, JMP Securities raised their price objective on shares of Blue Owl Capital from $24.00 to $25.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.15.

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.