Westfield Capital Management Co. LP Grows Position in Blue Owl Capital Inc. (NYSE:OWL)

Westfield Capital Management Co. LP grew its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,736,287 shares of the company's stock after purchasing an additional 293,221 shares during the period. Westfield Capital Management Co. LP owned approximately 0.46% of Blue Owl Capital worth $130,415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of OWL. King Luther Capital Management Corp boosted its stake in Blue Owl Capital by 0.6% during the third quarter. King Luther Capital Management Corp now owns 79,919 shares of the company's stock worth $1,547,000 after buying an additional 485 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of Blue Owl Capital by 1.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company's stock worth $1,009,000 after acquiring an additional 565 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Blue Owl Capital by 0.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company's stock worth $1,851,000 after purchasing an additional 575 shares during the period. MAI Capital Management increased its holdings in Blue Owl Capital by 0.3% in the 3rd quarter. MAI Capital Management now owns 189,251 shares of the company's stock valued at $3,664,000 after purchasing an additional 607 shares during the last quarter. Finally, Affinity Wealth Management LLC raised its position in Blue Owl Capital by 5.3% in the third quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company's stock valued at $258,000 after purchasing an additional 675 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Up 0.9 %

NYSE OWL traded up $0.22 on Friday, hitting $24.55. 4,516,312 shares of the stock were exchanged, compared to its average volume of 7,224,087. Blue Owl Capital Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $24.70. The company has a 50-day moving average price of $21.55 and a 200-day moving average price of $19.15. The company has a market cap of $36.67 billion, a PE ratio of 144.41, a PEG ratio of 1.63 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting analysts' consensus estimates 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 quarter in the previous year, the firm posted $0.16 earnings per share. As a group, equities research analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a $0.18 dividend. The ex-dividend date was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.93%. Blue Owl Capital's payout ratio is currently 423.53%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JMP Securities raised their price target on Blue Owl Capital from $25.00 to $27.00 and gave the stock a "market outperform" rating in a research report on Friday, November 15th. Piper Sandler raised their target price on Blue Owl Capital from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Evercore ISI boosted their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. UBS Group increased their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a 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's stock. Based on data from MarketBeat.com, Blue Owl Capital has an average rating of "Moderate Buy" and an average price target of $22.31.

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.