Y Intercept Hong Kong Ltd Buys 91,465 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Y Intercept Hong Kong Ltd increased its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 708.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,373 shares of the company's stock after acquiring an additional 91,465 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Blue Owl Capital were worth $2,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in OWL. ORG Partners LLC bought a new stake in shares of Blue Owl Capital during the 2nd quarter valued at about $32,000. Envestnet Portfolio Solutions Inc. raised its position in shares of Blue Owl Capital by 16.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,702 shares of the company's stock worth $243,000 after acquiring an additional 1,978 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in shares of Blue Owl Capital in the 2nd quarter valued at approximately $88,000. Stanley Laman Group Ltd. boosted its position in shares of Blue Owl Capital by 4.5% during the second quarter. Stanley Laman Group Ltd. now owns 258,310 shares of the company's stock valued at $4,585,000 after purchasing an additional 11,205 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC grew its stake in Blue Owl Capital by 12.3% in the second quarter. Foster Victor Wealth Advisors LLC now owns 705,176 shares of the company's stock worth $12,954,000 after purchasing an additional 77,253 shares during the period. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded up $0.09 during mid-day trading on Tuesday, reaching $23.46. 4,244,055 shares of the stock traded hands, compared to its average volume of 5,487,544. The business's 50-day moving average is $22.70 and its 200-day moving average is $19.56. The stock has a market capitalization of $35.03 billion, a PE ratio of 137.97, a price-to-earnings-growth ratio of 1.58 and a beta of 1.14. Blue Owl Capital Inc. has a 12-month low of $13.01 and a 12-month high of $25.03.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share 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 business had revenue of $600.88 million for the quarter, compared to analysts' expectations of $565.93 million. During the same quarter last year, the company posted $0.16 EPS. Equities analysts anticipate that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.07%. Blue Owl Capital's dividend payout ratio (DPR) is presently 423.53%.

Analyst Ratings Changes

Several research analysts recently issued reports on OWL shares. Evercore ISI increased 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. Deutsche Bank Aktiengesellschaft lifted their target price 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. Wells Fargo & Company upped their price target on Blue Owl Capital from $18.50 to $21.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 9th. Oppenheimer increased their target price on Blue Owl Capital from $21.00 to $24.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Finally, UBS Group lifted their price target 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.31.

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.