7,150 Shares in Blue Owl Capital Inc. (NYSE:OWL) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the third quarter, HoldingsChannel reports. The institutional investor bought 7,150 shares of the company’s stock, valued at approximately $138,000.

Other large investors also recently added to or reduced their stakes in the company. Stone Point Capital LLC acquired a new stake in shares of Blue Owl Capital in the second quarter valued at $112,749,000. Westfield Capital Management Co. LP boosted its holdings in Blue Owl Capital by 4.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock valued at $130,415,000 after acquiring an additional 293,221 shares during the period. Barclays PLC grew its position in Blue Owl Capital by 13.7% in the 3rd quarter. Barclays PLC now owns 1,571,806 shares of the company’s stock valued at $30,430,000 after acquiring an additional 189,082 shares in the last quarter. Raymond James & Associates increased its stake in Blue Owl Capital by 41.8% during the third quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock worth $5,972,000 after purchasing an additional 90,998 shares during the period. Finally, FMR LLC lifted its position in shares of Blue Owl Capital by 29.9% during the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after purchasing an additional 8,138,475 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of NYSE OWL opened at $23.10 on Friday. The stock’s 50-day simple moving average is $23.20 and its 200-day simple moving average is $19.80. The firm has a market capitalization of $34.50 billion, a PE ratio of 135.89, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. Blue Owl Capital Inc. has a fifty-two week low of $14.37 and a fifty-two week high of $25.03.

Blue Owl Capital (NYSE:OWL) last released 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. 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 for the quarter, compared to analysts’ expectations of $565.93 million. During the same quarter last year, the company earned $0.16 earnings per share. On average, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.78 earnings per share 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. Shareholders of record on Monday, November 11th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.12%. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OWL. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 target price on shares of Blue Owl Capital in a research note on Wednesday, December 4th. UBS Group boosted 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 note on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on Blue Owl Capital from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Piper Sandler boosted their target price on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.98.

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.