M.D. Sass LLC Lowers Holdings in Blue Owl Capital Inc. (NYSE:OWL)

M.D. Sass LLC cut its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 29.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 227,038 shares of the company’s stock after selling 95,441 shares during the period. Blue Owl Capital comprises about 0.3% of M.D. Sass LLC’s holdings, making the stock its 24th largest position. M.D. Sass LLC’s holdings in Blue Owl Capital were worth $4,395,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Blue Owl Capital by 29.9% during the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after purchasing an additional 8,138,475 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Blue Owl Capital by 4.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock valued at $130,415,000 after acquiring an additional 293,221 shares during the last quarter. Stone Point Capital LLC bought a new stake in shares of Blue Owl Capital in the second quarter worth approximately $112,749,000. Point72 Asset Management L.P. raised its holdings in shares of Blue Owl Capital by 69.2% during the second quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company’s stock valued at $73,035,000 after purchasing an additional 1,683,408 shares during the last quarter. Finally, State of New Jersey Common Pension Fund A bought a new position in Blue Owl Capital during the second quarter valued at approximately $63,115,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analyst Ratings Changes

OWL has been the subject of a number of research reports. Evercore ISI upped their price objective 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. Oppenheimer upped their price target on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. UBS Group raised their price objective 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. Wells Fargo & Company upped their target price on shares of 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, Piper Sandler lifted their price target on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus price target of $22.31.

Blue Owl Capital Trading Up 0.1 %

Shares of NYSE:OWL traded up $0.02 during mid-day trading on Tuesday, reaching $24.41. The stock had a trading volume of 280,394 shares, compared to its average volume of 5,432,877. The company has a market cap of $36.46 billion, a P/E ratio of 143.48, a price-to-earnings-growth ratio of 1.64 and a beta of 1.14. The business’s 50 day moving average price is $21.68 and its 200 day moving average price is $19.19. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $25.03.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same quarter last year, the business earned $0.16 EPS. Analysts predict that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a $0.18 dividend. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 2.95%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.55%.

About Blue Owl Capital

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.