SpiderRock Advisors LLC Increases Position in Blue Owl Capital Inc. (NYSE:OWL)

SpiderRock Advisors LLC boosted its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 2.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,630 shares of the company’s stock after purchasing an additional 701 shares during the period. SpiderRock Advisors LLC’s holdings in Blue Owl Capital were worth $593,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Transcendent Capital Group LLC acquired a new stake in Blue Owl Capital during the first quarter valued at approximately $26,000. ORG Wealth Partners LLC bought a new position in Blue Owl Capital during the third quarter worth $32,000. ORG Partners LLC bought a new position in Blue Owl Capital during the second quarter worth $32,000. Family Firm Inc. acquired a new position in Blue Owl Capital in the second quarter worth $40,000. Finally, Rothschild Investment LLC bought a new stake in Blue Owl Capital during the second quarter valued at $45,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on OWL shares. Oppenheimer lifted their price target on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. 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. JMP Securities boosted their price objective 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. Wells Fargo & Company increased their target price on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Finally, Piper Sandler boosted their price target on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.15.

Blue Owl Capital Price Performance

NYSE OWL opened at $23.20 on Tuesday. Blue Owl Capital Inc. has a 12 month low of $13.01 and a 12 month high of $24.17. The firm has a market capitalization of $33.95 billion, a PE ratio of 136.48, a P/E/G ratio of 1.54 and a beta of 1.14. The company’s 50 day simple moving average is $20.39 and its 200 day simple moving average is $18.85.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The company had revenue of $600.88 million for the quarter, compared to analysts’ expectations of $565.93 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. Sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital’s payout ratio is presently 423.55%.

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.