Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by Signaturefd LLC

Signaturefd LLC grew its position in Blue Owl Capital Inc. (NYSE:OWL) by 19.3% during the third quarter, Holdings Channel reports. The firm owned 9,137 shares of the company’s stock after acquiring an additional 1,476 shares during the period. Signaturefd LLC’s holdings in Blue Owl Capital were worth $177,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Townsend Asset Management Corp NC ADV boosted its position in Blue Owl Capital by 32.6% in the third quarter. Townsend Asset Management Corp NC ADV now owns 227,508 shares of the company’s stock valued at $4,405,000 after buying an additional 55,905 shares during the last quarter. Border to Coast Pensions Partnership Ltd boosted its holdings in shares of Blue Owl Capital by 58.3% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 475,000 shares of the company’s stock valued at $9,169,000 after acquiring an additional 175,000 shares during the last quarter. OLD National Bancorp IN purchased a new stake in shares of Blue Owl Capital in the 3rd quarter valued at $254,000. Raymond James & Associates increased its stake in shares of Blue Owl Capital by 41.8% in the third quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock worth $5,972,000 after acquiring an additional 90,998 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in shares of Blue Owl Capital by 9,585.7% during the third quarter. Global Retirement Partners LLC now owns 25,086 shares of the company’s stock worth $486,000 after purchasing an additional 24,827 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OWL has been the topic of several analyst reports. Wells Fargo & Company increased their price target on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft reduced their price target on Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. JMP Securities upped their price objective on 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. UBS Group raised their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, 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. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.65.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $22.97 on Monday. The stock has a market capitalization of $32.82 billion, a PE ratio of 191.42, a P/E/G ratio of 1.29 and a beta of 1.18. Blue Owl Capital Inc. has a fifty-two week low of $12.15 and a fifty-two week high of $24.17. The company has a fifty day moving average of $19.29 and a two-hundred day moving average of $18.54.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $549.85 million during the quarter, compared to analysts’ expectations of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same quarter in the previous year, the company earned $0.16 earnings per share. Research analysts forecast 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 declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital’s dividend payout ratio 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.