Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC cut its stake in Blue Owl Capital Inc. (NYSE:OWL) by 96.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,406 shares of the company’s stock after selling 367,084 shares during the quarter. Townsquare Capital LLC’s holdings in Blue Owl Capital were worth $260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OWL. ORG Partners LLC acquired a new stake in shares of Blue Owl Capital in the 2nd quarter worth $32,000. ORG Wealth Partners LLC acquired a new stake in shares of Blue Owl Capital in the 3rd quarter worth $32,000. Family Firm Inc. acquired a new stake in shares of Blue Owl Capital in the 2nd quarter worth $40,000. Rothschild Investment LLC acquired a new stake in shares of Blue Owl Capital in the 2nd quarter worth $45,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Blue Owl Capital during the 2nd quarter worth about $88,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OWL has been the subject of a number of recent analyst reports. JMP Securities reissued a “market outperform” rating and set a $27.00 price objective on shares of Blue Owl Capital in a research report on Wednesday. Evercore ISI raised their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. UBS Group raised their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Oppenheimer lifted their target price on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Four 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 presently has an average rating of “Moderate Buy” and an average target price of $22.31.

Blue Owl Capital Stock Performance

Shares of OWL opened at $23.58 on Friday. The stock has a 50-day simple moving average of $22.45 and a 200-day simple moving average of $19.46. The stock has a market capitalization of $35.22 billion, a PE ratio of 138.24, a PEG ratio of 1.54 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.

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 the consensus estimate of $0.20. The business had revenue of $600.88 million during the quarter, compared to analysts’ expectations 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 business posted $0.16 EPS. Analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s payout ratio is 423.53%.

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.