Westfield Capital Management Co. LP Has $130.42 Million Position in Blue Owl Capital Inc. (NYSE:OWL)

Westfield Capital Management Co. LP grew its position in Blue Owl Capital Inc. (NYSE:OWL) by 4.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,736,287 shares of the company’s stock after buying an additional 293,221 shares during the quarter. Westfield Capital Management Co. LP owned 0.46% of Blue Owl Capital worth $130,415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC acquired a new position in Blue Owl Capital during the 1st quarter worth approximately $26,000. ORG Partners LLC acquired a new position in Blue Owl Capital during the 2nd quarter worth approximately $32,000. ORG Wealth Partners LLC acquired a new position in Blue Owl Capital during the 3rd quarter worth approximately $32,000. Family Firm Inc. acquired a new position in Blue Owl Capital during the 2nd quarter worth approximately $40,000. Finally, Rothschild Investment LLC acquired a new position in Blue Owl Capital during the 2nd quarter worth approximately $45,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Evercore ISI boosted their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler boosted their target price on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, UBS Group boosted their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.31.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $24.55 on Friday. The firm’s fifty day moving average is $21.55 and its 200-day moving average is $19.15. Blue Owl Capital Inc. has a 52 week low of $13.01 and a 52 week high of $24.70. The firm has a market cap of $36.67 billion, a P/E ratio of 144.41, a P/E/G ratio of 1.63 and a beta of 1.14.

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. 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 for the quarter, compared to analyst estimates of $565.93 million. During the same period in the prior year, the firm posted $0.16 EPS. As a group, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

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.