Algert Global LLC Grows Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Algert Global LLC raised its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 95.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,539 shares of the company’s stock after purchasing an additional 40,340 shares during the period. Algert Global LLC’s holdings in Blue Owl Capital were worth $1,598,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Stone Point Capital LLC purchased a new position in Blue Owl Capital during the 2nd quarter valued at $112,749,000. State of New Jersey Common Pension Fund A bought a new position in Blue Owl Capital in the second quarter worth about $63,115,000. Ceredex Value Advisors LLC bought a new position in Blue Owl Capital in the second quarter worth about $32,387,000. Point72 Asset Management L.P. boosted its position in Blue Owl Capital by 69.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company’s stock valued at $73,035,000 after acquiring an additional 1,683,408 shares in the last quarter. Finally, Point72 Europe London LLP purchased a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $21,243,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Down 2.4 %

OWL opened at $23.77 on Thursday. The firm has a 50 day moving average price of $21.80 and a 200-day moving average price of $19.23. The stock has a market capitalization of $35.50 billion, a price-to-earnings ratio of 140.60, a PEG ratio of 1.63 and a beta of 1.14. Blue Owl Capital Inc. has a twelve month low of $13.01 and a twelve month high of $25.03.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $600.88 million during the quarter, compared to analysts’ expectations of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter in the prior year, the business earned $0.16 earnings per share. As a group, analysts expect that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a $0.18 dividend. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.03%. Blue Owl Capital’s payout ratio is presently 423.55%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OWL shares. JMP Securities raised their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the company a “market outperform” rating in a research report on Friday, November 15th. Oppenheimer boosted their price target on Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. UBS Group raised their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Evercore ISI boosted their target price on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, Piper Sandler raised their price target on Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $22.31.

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.