Los Angeles Capital Management LLC Has $269,000 Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Los Angeles Capital Management LLC lowered its stake in Blue Owl Capital Inc. (NYSE:OWL) by 98.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,882 shares of the company’s stock after selling 775,095 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Blue Owl Capital were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in OWL. Atria Investments Inc increased its holdings in shares of Blue Owl Capital by 48.2% during the third quarter. Atria Investments Inc now owns 16,222 shares of the company’s stock worth $314,000 after buying an additional 5,275 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in Blue Owl Capital by 16.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 114,901 shares of the company’s stock worth $2,224,000 after purchasing an additional 16,571 shares in the last quarter. SpiderRock Advisors LLC raised its position in Blue Owl Capital by 2.3% in the third quarter. SpiderRock Advisors LLC now owns 30,630 shares of the company’s stock valued at $593,000 after purchasing an additional 701 shares during the last quarter. M&G PLC acquired a new stake in shares of Blue Owl Capital during the third quarter valued at about $14,720,000. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of Blue Owl Capital during the third quarter worth about $1,001,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OWL has been the topic of several recent research reports. UBS Group lifted their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Oppenheimer lifted their price target on shares of Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Evercore ISI increased their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Wells Fargo & Company lifted their target price on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.31.

Blue Owl Capital Trading Up 2.1 %

Shares of NYSE OWL opened at $23.08 on Tuesday. The firm has a market capitalization of $33.77 billion, a P/E ratio of 135.74, a P/E/G ratio of 1.51 and a beta of 1.14. The firm’s 50-day moving average price is $21.01 and its 200-day moving average price is $18.99. Blue Owl Capital Inc. has a 1-year low of $13.01 and a 1-year high of $24.17.

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

Blue Owl Capital Announces Dividend

The firm also recently declared 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 yield of 3.12%. The ex-dividend date is Monday, November 11th. Blue Owl Capital’s payout ratio is currently 423.55%.

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.