Capital Insight Partners LLC Buys 1,304 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Capital Insight Partners LLC lifted its position in Blue Owl Capital Inc. (NYSE:OWLFree Report) by 4.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,941 shares of the company’s stock after purchasing an additional 1,304 shares during the quarter. Capital Insight Partners LLC’s holdings in Blue Owl Capital were worth $657,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Seven Eight Capital LP purchased a new position in shares of Blue Owl Capital in the 4th quarter worth $594,000. Balyasny Asset Management L.P. bought a new stake in Blue Owl Capital during the fourth quarter worth approximately $46,030,000. Chicago Partners Investment Group LLC raised its position in Blue Owl Capital by 19.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 232,163 shares of the company’s stock valued at $3,612,000 after purchasing an additional 37,641 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $160,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Blue Owl Capital by 22.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,819,431 shares of the company’s stock worth $27,110,000 after purchasing an additional 328,719 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Up 1.3 %

Shares of NYSE:OWL traded up $0.27 on Thursday, reaching $20.97. The company had a trading volume of 1,008,834 shares, compared to its average volume of 5,242,819. The firm has a market capitalization of $29.96 billion, a PE ratio of 172.50, a PEG ratio of 1.19 and a beta of 1.18. Blue Owl Capital Inc. has a 52-week low of $12.11 and a 52-week high of $21.21. The firm’s 50 day simple moving average is $17.93 and its 200-day simple moving average is $18.23.

Blue Owl Capital (NYSE:OWLGet Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $549.85 million for the quarter, compared to analyst estimates of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same quarter in the previous year, the firm earned $0.16 earnings per share. As a group, equities research analysts predict that Blue Owl Capital Inc. will post 0.79 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.72 dividend on an annualized basis and a yield of 3.43%. Blue Owl Capital’s payout ratio is 600.00%.

Wall Street Analyst Weigh In

OWL has been the topic of a number of analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.50 price objective on shares of Blue Owl Capital in a research report on Thursday, June 13th. Oppenheimer upgraded Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Friday, August 2nd. JMP Securities boosted their price objective on Blue Owl Capital from $24.00 to $25.00 and gave the company a “market outperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price objective on Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, UBS Group decreased their target price on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.90.

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About Blue Owl Capital

(Free Report)

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.

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Institutional Ownership by Quarter for Blue Owl Capital (NYSE:OWL)

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