Blue Owl Capital Inc. $OWL Shares Newly Acquired by Forest Hill Capital LLC

Forest Hill Capital LLC purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL) in the third quarter, Holdings Channel reports. The firm purchased 55,000 shares of the company’s stock, valued at approximately $500,000. Blue Owl Capital accounts for approximately 0.4% of Forest Hill Capital LLC’s portfolio, making the stock its 18th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. RDST Capital LLC grew its holdings in shares of Blue Owl Capital by 22.1% in the first quarter. RDST Capital LLC now owns 7,648,935 shares of the company’s stock valued at $69,835,000 after purchasing an additional 1,383,450 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Blue Owl Capital during the 2nd quarter valued at approximately $54,883,000. Renaissance Technologies LLC lifted its holdings in Blue Owl Capital by 2,107.1% in the first quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock valued at $55,375,000 after acquiring an additional 5,790,400 shares during the last quarter. Estuary Capital Management LP increased its stake in Blue Owl Capital by 338.9% during the first quarter. Estuary Capital Management LP now owns 4,197,297 shares of the company’s stock worth $38,321,000 after acquiring an additional 3,241,040 shares during the last quarter. Finally, Lalia Capital LLC acquired a new stake in Blue Owl Capital during the second quarter worth $34,952,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Blue Owl Capital in a report on Monday, September 14th. HSBC set a $17.00 target price on Blue Owl Capital in a research report on Thursday, September 24th. Piper Sandler boosted their price objective on Blue Owl Capital from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, November 2nd. TD Cowen boosted their price target on shares of Blue Owl Capital from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Finally, Capital One Financial set a $12.00 price objective on shares of Blue Owl Capital in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.89.

Insider Activity at Blue Owl Capital

In other news, General Counsel Neena Reddy sold 40,292 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $10.40, for a total transaction of $419,036.80. Following the sale, the general counsel owned 575,892 shares of the company’s stock, valued at approximately $5,989,276.80. This trade represents a 6.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 25.74% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OWL opened at $10.20 on Thursday. The stock has a 50-day simple moving average of $9.82 and a 200-day simple moving average of $10.16. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $17.00. The stock has a market capitalization of $15.99 billion, a PE ratio of 72.89, a PEG ratio of 1.14 and a beta of 1.31.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Blue Owl Capital had a net margin of 3.08% and a return on equity of 24.70%. The company had revenue of $752.60 million during the quarter, compared to the consensus estimate of $698.10 million. Analysts predict that Blue Owl Capital Inc. will post 0.89 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend is Tuesday, November 10th. Blue Owl Capital’s payout ratio is 657.14%.

Blue Owl Capital Profile

Blue Owl Capital Inc. is an alternative asset manager that provides private-market investment strategies and capital solutions to institutional and individual investors. Its businesses span private credit, GP strategic capital and real assets. Through its credit platform, the company provides financing to businesses, including middle-market companies. Its GP strategic capital business invests in and provides financing to alternative asset managers, while its real assets platform focuses on areas such as real estate and infrastructure.