Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its position in Blue Owl Capital Inc. (NYSE:OWL) by 3.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 148,500 shares of the company’s stock after selling 5,000 shares during the period. Gabelli Funds LLC’s holdings in Blue Owl Capital were worth $2,801,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. M&T Bank Corp boosted its holdings in shares of Blue Owl Capital by 7.0% during the 4th quarter. M&T Bank Corp now owns 11,512 shares of the company’s stock worth $172,000 after purchasing an additional 753 shares during the last quarter. Parsons Capital Management Inc. RI boosted its holdings in shares of Blue Owl Capital by 5.5% during the 1st quarter. Parsons Capital Management Inc. RI now owns 15,932 shares of the company’s stock worth $300,000 after purchasing an additional 832 shares during the last quarter. Whalen Wealth Management Inc. boosted its holdings in shares of Blue Owl Capital by 4.0% during the 1st quarter. Whalen Wealth Management Inc. now owns 28,744 shares of the company’s stock worth $542,000 after purchasing an additional 1,098 shares during the last quarter. Tranquility Partners LLC boosted its holdings in shares of Blue Owl Capital by 0.6% during the 1st quarter. Tranquility Partners LLC now owns 255,669 shares of the company’s stock worth $4,822,000 after purchasing an additional 1,461 shares during the last quarter. Finally, Oliver Luxxe Assets LLC boosted its holdings in shares of Blue Owl Capital by 2.5% during the 1st quarter. Oliver Luxxe Assets LLC now owns 61,086 shares of the company’s stock worth $1,152,000 after purchasing an additional 1,462 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Up 0.8 %

NYSE OWL traded up $0.15 on Friday, reaching $19.74. The stock had a trading volume of 3,894,787 shares, compared to its average volume of 5,058,085. The firm has a market capitalization of $28.20 billion, a price-to-earnings ratio of 164.50, a P/E/G ratio of 1.24 and a beta of 1.18. Blue Owl Capital Inc. has a 12-month low of $10.64 and a 12-month high of $20.13. The stock has a fifty day moving average price of $18.12 and a two-hundred day moving average price of $17.79.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $486.55 million for the quarter, compared to analyst estimates of $478.47 million. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. Sell-side analysts forecast that Blue Owl Capital Inc. will post 0.81 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were given a $0.18 dividend. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.72 dividend on an annualized basis and a yield of 3.65%. Blue Owl Capital’s payout ratio is presently 600.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OWL. Piper Sandler lowered their target price on Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. JMP Securities restated a “market outperform” rating and set a $24.00 target price on shares of Blue Owl Capital in a report on Tuesday, April 9th. Evercore ISI boosted their target price on Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $18.50 price objective on shares of Blue Owl Capital in a report on Thursday, June 13th. Finally, Citigroup reiterated a “buy” rating and issued a $21.00 price objective on shares of Blue Owl Capital in a report on Tuesday, May 14th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.81.

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.