Quantbot Technologies LP Has $8.56 Million Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Quantbot Technologies LP lifted its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 221.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 442,287 shares of the company's stock after purchasing an additional 304,792 shares during the period. Quantbot Technologies LP's holdings in Blue Owl Capital were worth $8,563,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its holdings in Blue Owl Capital by 29.9% during the third quarter. FMR LLC now owns 35,324,089 shares of the company's stock valued at $683,874,000 after purchasing an additional 8,138,475 shares during the period. Westfield Capital Management Co. LP boosted its holdings in shares of Blue Owl Capital by 4.6% in the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company's stock valued at $130,415,000 after buying an additional 293,221 shares during the period. Stone Point Capital LLC bought a new stake in shares of Blue Owl Capital during the second quarter worth $112,749,000. Point72 Asset Management L.P. raised its holdings in shares of Blue Owl Capital by 69.2% during the second quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company's stock worth $73,035,000 after acquiring an additional 1,683,408 shares during the period. Finally, State of New Jersey Common Pension Fund A bought a new stake in Blue Owl Capital in the 2nd quarter valued at $63,115,000. 35.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on OWL shares. UBS Group upped 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. Evercore ISI boosted their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. Wells Fargo & Company raised their target price 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 boosted their price target on shares of Blue Owl Capital from $21.00 to $24.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Finally, Piper Sandler lifted their target price on Blue Owl Capital from $23.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $22.31.

Blue Owl Capital Price Performance

OWL stock traded down $0.03 during midday trading on Tuesday, reaching $24.36. 4,203,652 shares of the company were exchanged, compared to its average volume of 5,450,451. Blue Owl Capital Inc. has a one year low of $13.01 and a one year high of $25.03. The firm has a market capitalization of $36.38 billion, a price-to-earnings ratio of 143.30, a price-to-earnings-growth ratio of 1.64 and a beta of 1.14. The business has a 50-day moving average price of $21.68 and a two-hundred day moving average price of $19.19.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The firm had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. During the same period last year, the business posted $0.16 earnings per share. As a group, analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital's payout ratio is 423.55%.

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.