Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 5.0% during the 3rd quarter, Holdings Channel reports. The firm owned 69,334 shares of the company’s stock after selling 3,670 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Blue Owl Capital were worth $1,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Transcendent Capital Group LLC acquired a new position in shares of Blue Owl Capital in the 1st quarter valued at $26,000. ORG Wealth Partners LLC acquired a new position in shares of Blue Owl Capital in the third quarter valued at about $32,000. ORG Partners LLC purchased a new position in shares of Blue Owl Capital in the second quarter worth about $32,000. Family Firm Inc. acquired a new stake in shares of Blue Owl Capital during the second quarter worth about $40,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Blue Owl Capital during the second quarter worth about $45,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $22.72 on Friday. The company has a fifty day moving average of $20.75 and a two-hundred day moving average of $18.93. Blue Owl Capital Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $24.17. The stock has a market capitalization of $33.24 billion, a PE ratio of 133.63, a P/E/G ratio of 1.53 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting 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 firm had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same period last year, the company posted $0.16 EPS. Research analysts forecast that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital’s dividend payout ratio is presently 423.55%.

Analyst Ratings Changes

OWL has been the topic of a number of research reports. UBS Group increased their price objective 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 target 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. Evercore ISI boosted 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. JMP Securities raised their target price on Blue Owl Capital from $24.00 to $25.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Finally, Oppenheimer boosted their price target on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus price target of $22.15.

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.