M.D. Sass LLC Sells 95,441 Shares of Blue Owl Capital Inc. (NYSE:OWL)

M.D. Sass LLC lowered its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 29.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 227,038 shares of the company’s stock after selling 95,441 shares during the quarter. Blue Owl Capital comprises approximately 0.3% of M.D. Sass LLC’s investment portfolio, making the stock its 24th largest holding. M.D. Sass LLC’s holdings in Blue Owl Capital were worth $4,395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Russell Investments Group Ltd. increased its position in shares of Blue Owl Capital by 6,783.8% during the first quarter. Russell Investments Group Ltd. now owns 25,470 shares of the company’s stock worth $480,000 after acquiring an additional 25,100 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Blue Owl Capital during the 1st quarter worth approximately $738,000. Janus Henderson Group PLC raised its stake in shares of Blue Owl Capital by 32.6% in the first quarter. Janus Henderson Group PLC now owns 330,095 shares of the company’s stock worth $6,224,000 after purchasing an additional 81,222 shares during the last quarter. Dynasty Wealth Management LLC bought a new position in shares of Blue Owl Capital in the first quarter valued at approximately $286,000. Finally, California State Teachers Retirement System boosted its position in shares of Blue Owl Capital by 3.8% during the first quarter. California State Teachers Retirement System now owns 415,884 shares of the company’s stock valued at $7,844,000 after buying an additional 15,179 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

OWL has been the topic of several recent analyst reports. JMP Securities raised their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the company a “market outperform” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted 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. UBS Group increased their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI increased their price target on 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 equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.31.

Blue Owl Capital Stock Up 0.1 %

Shares of Blue Owl Capital stock traded up $0.02 during trading on Tuesday, reaching $24.41. The company’s stock had a trading volume of 280,394 shares, compared to its average volume of 5,432,877. The company has a market cap of $36.46 billion, a price-to-earnings ratio of 143.48, a PEG ratio of 1.64 and a beta of 1.14. The firm’s 50-day moving average is $21.68 and its two-hundred day moving average is $19.19. Blue Owl Capital Inc. has a 52-week low of $13.01 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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The firm had revenue of $600.88 million for the quarter, compared to analysts’ expectations of $565.93 million. During the same period last year, the firm earned $0.16 earnings per share. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.78 EPS for the current 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 given a $0.18 dividend. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 2.95%. Blue Owl Capital’s payout ratio is currently 423.55%.

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.