Quarry LP Sells 1,118 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Quarry LP lowered its stake in Blue Owl Capital Inc. (NYSE:OWL) by 35.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,015 shares of the company’s stock after selling 1,118 shares during the period. Quarry LP’s holdings in Blue Owl Capital were worth $39,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after acquiring an additional 8,138,475 shares in the last quarter. Stone Point Capital LLC acquired a new position in Blue Owl Capital in the 2nd quarter worth about $112,749,000. State of New Jersey Common Pension Fund A bought a new position in Blue Owl Capital in the second quarter valued at about $63,115,000. Ceredex Value Advisors LLC acquired a new stake in shares of Blue Owl Capital during the second quarter valued at about $32,387,000. Finally, Point72 Asset Management L.P. boosted its stake 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 in the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $24.76 on Thursday. The firm has a market cap of $36.97 billion, a price-to-earnings ratio of 145.62, a PEG ratio of 1.58 and a beta of 1.14. The stock’s 50-day moving average is $22.80 and its 200 day moving average is $19.60. Blue Owl Capital Inc. has a one year low of $13.01 and a one year high of $25.03.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The company had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. During the same quarter last year, the firm posted $0.16 EPS. On average, sell-side analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a dividend of $0.18 per share. The ex-dividend date was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.91%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.53%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group raised their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Oppenheimer raised 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 note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Evercore ISI increased their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, Piper Sandler lifted their target price on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average target price of $22.31.

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.