13,099 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by OLD National Bancorp IN

OLD National Bancorp IN purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,099 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Affinity Wealth Management LLC increased its holdings in shares of Blue Owl Capital by 5.3% in the 3rd quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company’s stock valued at $258,000 after acquiring an additional 675 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of Blue Owl Capital by 6.7% in the 2nd quarter. Raymond James Trust N.A. now owns 11,217 shares of the company’s stock valued at $199,000 after buying an additional 708 shares during the period. Capital Insight Partners LLC grew its position in shares of Blue Owl Capital by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 32,637 shares of the company’s stock valued at $579,000 after buying an additional 815 shares during the last quarter. Great Diamond Partners LLC raised its stake in Blue Owl Capital by 2.5% during the second quarter. Great Diamond Partners LLC now owns 42,626 shares of the company’s stock worth $757,000 after acquiring an additional 1,030 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Blue Owl Capital by 4.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,998 shares of the company’s stock worth $479,000 after acquiring an additional 1,103 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Piper Sandler upped their target price on Blue Owl Capital from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Evercore ISI upped their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. TD Cowen reiterated a “hold” rating and issued a $19.00 target price (down from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. JMP Securities upped their price target on shares of Blue Owl Capital from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.65.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $23.05 on Thursday. Blue Owl Capital Inc. has a 12-month low of $12.11 and a 12-month high of $24.17. The stock has a market capitalization of $32.93 billion, a PE ratio of 192.08, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. The firm has a 50 day simple moving average of $18.98 and a 200-day simple moving average of $18.45.

Blue Owl Capital (NYSE:OWL) last issued its quarterly 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. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. The company had revenue of $549.85 million for the quarter, compared to analysts’ expectations of $507.22 million. During the same period last year, the firm earned $0.16 EPS. On average, analysts forecast that Blue Owl Capital Inc. will post 0.79 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.12%. The ex-dividend date was Wednesday, August 21st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 600.00%.

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.