Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd decreased its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 94.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,332 shares of the company’s stock after selling 21,567 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Blue Owl Capital were worth $26,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Westfield Capital Management Co. LP increased its position in shares of Blue Owl Capital by 4.6% in 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 purchasing an additional 293,221 shares during the last quarter. Stone Point Capital LLC purchased a new position in Blue Owl Capital in the second quarter valued at $112,749,000. Point72 Asset Management L.P. increased its holdings in Blue Owl Capital by 69.2% in 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 buying an additional 1,683,408 shares during the last quarter. State of New Jersey Common Pension Fund A acquired a new stake in Blue Owl Capital in the second quarter valued at $63,115,000. Finally, Bank of New York Mellon Corp lifted its holdings in Blue Owl Capital by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,406,242 shares of the company’s stock worth $42,711,000 after buying an additional 105,774 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $23.77 on Friday. The company has a market capitalization of $35.50 billion, a P/E ratio of 139.82, a PEG ratio of 1.63 and a beta of 1.14. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $25.03. The company’s fifty day moving average is $21.92 and its two-hundred day moving average is $19.27.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The firm had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter last year, the company posted $0.16 earnings per share. As a group, equities analysts expect that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s payout ratio is currently 423.53%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OWL. 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JMP Securities boosted their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock a “market outperform” rating in a research report on Friday, November 15th. UBS Group upped their target price 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. Finally, Piper Sandler lifted their price target on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.31.

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.