Royce & Associates LP Reduces Stake in Blue Owl Capital Inc. (NYSE:OWL)

Royce & Associates LP reduced its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 73.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,876 shares of the company's stock after selling 69,596 shares during the quarter. Royce & Associates LP's holdings in Blue Owl Capital were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in OWL. Stone Point Capital LLC purchased a new stake in Blue Owl Capital during the 2nd quarter valued at about $112,749,000. Foster Victor Wealth Advisors LLC raised its stake in Blue Owl Capital by 12.3% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 705,176 shares of the company's stock worth $12,954,000 after acquiring an additional 77,253 shares during the period. Janus Henderson Group PLC raised its position in shares of Blue Owl Capital by 32.6% during the first quarter. Janus Henderson Group PLC now owns 330,095 shares of the company's stock valued at $6,224,000 after buying an additional 81,222 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Blue Owl Capital during the first quarter valued at approximately $624,000. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of Blue Owl Capital during the first quarter valued at approximately $901,000. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Trading Up 3.9 %

Shares of OWL stock traded up $0.92 during trading hours on Thursday, reaching $24.39. 6,629,394 shares of the company's stock were exchanged, compared to its average volume of 5,443,561. The stock's fifty day moving average price is $21.41 and its two-hundred day moving average price is $19.10. The stock has a market cap of $36.42 billion, a PE ratio of 143.45, a PEG ratio of 1.57 and a beta of 1.14. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $24.62.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a return on equity of 19.98% 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. On average, equities analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital's payout ratio is 423.55%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on OWL shares. UBS Group raised their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Piper Sandler lifted their target price on Blue Owl Capital from $23.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Wells Fargo & Company lifted their target price on Blue Owl Capital from $18.50 to $21.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Evercore ISI lifted their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $22.31.

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.