Blue Owl Capital Inc. (NYSE:OWL) Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC increased its position in Blue Owl Capital Inc. (NYSE:OWL) by 16.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,901 shares of the company’s stock after acquiring an additional 16,571 shares during the period. Verdence Capital Advisors LLC’s holdings in Blue Owl Capital were worth $2,224,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. SpiderRock Advisors LLC grew its holdings in shares of Blue Owl Capital by 2.3% in the 3rd quarter. SpiderRock Advisors LLC now owns 30,630 shares of the company’s stock worth $593,000 after acquiring an additional 701 shares during the period. M&G PLC acquired a new stake in shares of Blue Owl Capital in the 3rd quarter worth approximately $14,720,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Blue Owl Capital in the 3rd quarter worth approximately $1,001,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Blue Owl Capital in the 3rd quarter worth approximately $839,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of Blue Owl Capital in the 3rd quarter worth approximately $271,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 1.5 %

Shares of OWL opened at $22.90 on Friday. The firm has a market capitalization of $33.51 billion, a P/E ratio of 134.71, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14. The stock’s fifty day simple moving average is $20.28 and its 200 day simple moving average is $18.82. Blue Owl Capital Inc. has a twelve month low of $13.01 and a twelve month high of $24.17.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a return on equity of 20.61% and a net margin of 4.95%. During the same period last year, the company posted $0.16 EPS. Sell-side analysts predict that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.55%.

Analysts Set New Price Targets

OWL has been the topic of a number of analyst reports. Oppenheimer increased their target price on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. JMP Securities increased their target price on Blue Owl Capital from $24.00 to $25.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft increased their target price on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. Piper Sandler increased 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. Finally, UBS Group increased their target price on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.15.

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.