Royce & Associates LP Sells 69,596 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Royce & Associates LP lessened its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 73.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,876 shares of the company’s stock after selling 69,596 shares during the quarter. Royce & Associates LP’s holdings in Blue Owl Capital were worth $482,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors boosted its stake in shares of Blue Owl Capital by 0.3% during the 1st quarter. Capital World Investors now owns 63,339,128 shares of the company’s stock worth $1,194,576,000 after acquiring an additional 163,377 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Blue Owl Capital by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company’s stock valued at $768,199,000 after buying an additional 250,977 shares in the last quarter. Capital International Investors increased its holdings in Blue Owl Capital by 0.3% in the 1st quarter. Capital International Investors now owns 33,284,962 shares of the company’s stock worth $627,754,000 after acquiring an additional 107,321 shares in the last quarter. Capital Research Global Investors raised its stake in Blue Owl Capital by 11.9% during the 1st quarter. Capital Research Global Investors now owns 10,512,628 shares of the company’s stock worth $198,268,000 after acquiring an additional 1,121,064 shares during the period. Finally, Stone Point Capital LLC purchased a new position in Blue Owl Capital during the second quarter valued at approximately $112,749,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Evercore ISI increased their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised their price target on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company upped their price objective on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Piper Sandler lifted their target price on Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Oppenheimer upped their price target on Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.31.

Blue Owl Capital Price Performance

Shares of OWL stock opened at $23.47 on Thursday. The company has a market cap of $35.05 billion, a PE ratio of 138.06, a price-to-earnings-growth ratio of 1.51 and a beta of 1.14. The stock’s 50 day simple moving average is $21.27 and its two-hundred day simple moving average is $19.06. 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 data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The company had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. During the same period in the previous year, the firm earned $0.16 earnings per share. Equities research analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.07%. The ex-dividend date is Monday, November 11th. Blue Owl Capital’s payout ratio is currently 423.53%.

Blue Owl Capital Company 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.