Empowered Funds LLC Acquires 64,790 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Empowered Funds LLC lifted its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 19.0% in the third quarter, HoldingsChannel reports. The fund owned 405,894 shares of the company’s stock after buying an additional 64,790 shares during the period. Empowered Funds LLC’s holdings in Blue Owl Capital were worth $7,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Transcendent Capital Group LLC purchased a new position in shares of Blue Owl Capital in the first quarter worth about $26,000. ORG Wealth Partners LLC purchased a new stake in shares of Blue Owl Capital during the third quarter valued at approximately $32,000. ORG Partners LLC bought a new position in shares of Blue Owl Capital in the second quarter worth approximately $32,000. Family Firm Inc. purchased a new stake in Blue Owl Capital during the 2nd quarter valued at $40,000. Finally, Rothschild Investment LLC bought a new stake in Blue Owl Capital in the 2nd quarter worth $45,000. Institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OWL. Piper Sandler boosted their price target on Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Evercore ISI upped their target price 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 lifted their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. JMP Securities upped 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 report on Friday. Finally, UBS Group lifted their target price 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. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus price target of $22.31.

Blue Owl Capital Stock Performance

Shares of NYSE OWL opened at $22.59 on Friday. The company has a 50 day simple moving average of $20.88 and a two-hundred day simple moving average of $18.95. Blue Owl Capital Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $24.17. The company has a market capitalization of $33.06 billion, a price-to-earnings ratio of 132.88, a P/E/G ratio of 1.50 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data 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 return on equity of 19.98% and a net margin of 4.95%. The company had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. During the same quarter last year, the company earned $0.16 EPS. On average, analysts forecast that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

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.