Tidal Investments LLC Reduces Stake in Blue Owl Capital Inc. (NYSE:OWL)

Tidal Investments LLC cut its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,732 shares of the company’s stock after selling 4,808 shares during the period. Tidal Investments LLC’s holdings in Blue Owl Capital were worth $827,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in Blue Owl Capital in the third quarter valued at $32,000. Family Firm Inc. purchased a new stake in shares of Blue Owl Capital in the 2nd quarter worth about $40,000. Rothschild Investment LLC bought a new stake in shares of Blue Owl Capital during the 2nd quarter valued at about $45,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Blue Owl Capital during the third quarter valued at about $138,000. Finally, Signaturefd LLC raised its stake in Blue Owl Capital by 19.3% in the third quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock worth $177,000 after buying an additional 1,476 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on OWL shares. Keefe, Bruyette & Woods upped their target price on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday. UBS Group upped their price target on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. JMP Securities reissued a “market outperform” rating and set a $27.00 price objective on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Evercore ISI lifted their price target 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. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.56.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $23.49 on Friday. The company has a 50-day simple moving average of $23.24 and a two-hundred day simple moving average of $19.84. The stock has a market capitalization of $35.08 billion, a PE ratio of 138.18, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. Blue Owl Capital Inc. has a 52-week low of $14.37 and a 52-week high of $25.03.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The company 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 period in the previous year, the business earned $0.16 EPS. As a group, equities research analysts forecast that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s payout ratio is currently 423.53%.

Blue Owl Capital Company 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.