Great Diamond Partners LLC Decreases Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Great Diamond Partners LLC decreased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,761 shares of the company’s stock after selling 865 shares during the quarter. Great Diamond Partners LLC’s holdings in Blue Owl Capital were worth $808,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Capital World Investors increased its stake in shares of Blue Owl Capital by 0.3% during the first quarter. Capital World Investors now owns 63,339,128 shares of the company’s stock worth $1,194,576,000 after buying an additional 163,377 shares during the period. Vanguard Group Inc. grew its stake in shares of Blue Owl Capital by 0.6% during the first quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company’s stock worth $768,199,000 after purchasing an additional 250,977 shares in the last quarter. Capital International Investors increased its holdings in Blue Owl Capital by 0.3% in the first quarter. Capital International Investors now owns 33,284,962 shares of the company’s stock valued at $627,754,000 after buying an additional 107,321 shares during the last quarter. Capital Research Global Investors raised its stake in Blue Owl Capital by 11.9% in the first quarter. Capital Research Global Investors now owns 10,512,628 shares of the company’s stock valued at $198,268,000 after buying an additional 1,121,064 shares in the last quarter. Finally, Stone Point Capital LLC purchased a new stake in Blue Owl Capital during the 2nd quarter worth about $112,749,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Ratings Changes

OWL has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. UBS Group boosted their price objective 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. Evercore ISI increased their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Wells Fargo & Company boosted their price target on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Finally, TD Cowen reissued a “hold” rating and issued a $19.00 price target (down from $21.50) on shares of Blue Owl Capital in a research report on Monday, July 8th. 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 target price of $21.65.

Blue Owl Capital Stock Up 1.0 %

Shares of Blue Owl Capital stock opened at $23.28 on Wednesday. The firm has a market cap of $33.26 billion, a price-to-earnings ratio of 194.00, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. Blue Owl Capital Inc. has a 52-week low of $12.15 and a 52-week high of $24.17. The company’s 50-day simple moving average is $19.51 and its 200-day simple moving average is $18.60.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $549.85 million for the quarter, compared to analysts’ expectations of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same quarter in the prior year, the firm posted $0.16 EPS. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.79 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Wednesday, August 21st. Blue Owl Capital’s dividend payout ratio is presently 600.00%.

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.