Catalyst Capital Advisors LLC Buys New Position in Blue Owl Capital Inc. (NYSE:OWL)

Catalyst Capital Advisors LLC purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 43,350 shares of the company’s stock, valued at approximately $839,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Affinity Wealth Management LLC lifted its stake in shares of Blue Owl Capital by 5.3% in the 3rd quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company’s stock valued at $258,000 after purchasing an additional 675 shares during the period. Raymond James Trust N.A. lifted its stake in Blue Owl Capital by 6.7% in the second quarter. Raymond James Trust N.A. now owns 11,217 shares of the company’s stock valued at $199,000 after buying an additional 708 shares during the period. Capital Insight Partners LLC boosted its holdings in shares of Blue Owl Capital by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 32,637 shares of the company’s stock worth $579,000 after buying an additional 815 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Blue Owl Capital by 2.3% during the 3rd quarter. Private Advisor Group LLC now owns 38,986 shares of the company’s stock worth $755,000 after buying an additional 885 shares during the period. Finally, Great Diamond Partners LLC increased its stake in shares of Blue Owl Capital by 2.5% in the 2nd quarter. Great Diamond Partners LLC now owns 42,626 shares of the company’s stock valued at $757,000 after acquiring an additional 1,030 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Evercore ISI boosted their target price on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Piper Sandler increased their price target on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their price objective on Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Finally, Oppenheimer increased their target price on Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price of $22.15.

Blue Owl Capital Trading Up 1.6 %

Shares of NYSE:OWL opened at $21.31 on Wednesday. Blue Owl Capital Inc. has a 1-year low of $12.83 and a 1-year high of $24.17. The stock has a market cap of $31.19 billion, a PE ratio of 125.36, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The stock’s fifty day simple moving average is $19.88 and its two-hundred day simple moving average is $18.70.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $600.88 million for the quarter, compared to analysts’ expectations of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 20.61%. During the same quarter last year, the firm earned $0.16 EPS. On average, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital’s dividend payout ratio is presently 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.