Ceredex Value Advisors LLC Has $34.09 Million Stake in Blue Owl Capital Inc. (NYSE:OWL)

Ceredex Value Advisors LLC cut its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,760,900 shares of the company’s stock after selling 63,700 shares during the quarter. Ceredex Value Advisors LLC owned about 0.12% of Blue Owl Capital worth $34,091,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in OWL. Transcendent Capital Group LLC bought a new stake in shares of Blue Owl Capital during the first quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new stake in Blue Owl Capital in the 3rd quarter valued at $32,000. ORG Partners LLC acquired a new position in Blue Owl Capital in the 2nd quarter valued at $32,000. Family Firm Inc. bought a new position in Blue Owl Capital during the 2nd quarter worth $40,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Blue Owl Capital during the second quarter worth $45,000. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Down 4.1 %

NYSE:OWL opened at $21.45 on Friday. The stock’s 50-day simple moving average is $19.81 and its 200 day simple moving average is $18.68. The firm has a market capitalization of $31.39 billion, a PE ratio of 134.07, a price-to-earnings-growth ratio of 1.49 and a beta of 1.18. Blue Owl Capital Inc. has a twelve month low of $12.24 and a twelve month high of $24.17.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. The company had revenue of $549.85 million for the quarter, compared to the consensus estimate of $507.22 million. During the same period last year, the firm posted $0.16 EPS. On average, analysts anticipate that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital’s dividend payout ratio is currently 450.03%.

Analyst Ratings Changes

A number of research firms recently commented on OWL. UBS Group raised their price target 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. TD Cowen reiterated 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. Evercore ISI increased their price target on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Oppenheimer raised their price objective on Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, JMP Securities upped their target price on Blue Owl Capital from $24.00 to $25.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.15.

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.