103,249 Shares in Blue Owl Capital Inc. $OWL Acquired by SMH Capital Advisors Inc.

SMH Capital Advisors Inc. bought a new stake in Blue Owl Capital Inc. (NYSE:OWL) in the third quarter, HoldingsChannel.com reports. The fund bought 103,249 shares of the company’s stock, valued at approximately $939,000. Blue Owl Capital accounts for approximately 3.6% of SMH Capital Advisors Inc.’s investment portfolio, making the stock its 9th biggest position.

Several other large investors also recently added to or reduced their stakes in OWL. Edgestream Partners L.P. boosted its holdings in shares of Blue Owl Capital by 374.3% in the 1st quarter. Edgestream Partners L.P. now owns 254,565 shares of the company’s stock worth $2,324,000 after purchasing an additional 200,896 shares during the period. Renaissance Technologies LLC raised its holdings in Blue Owl Capital by 2,107.1% during the 1st quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock valued at $55,375,000 after buying an additional 5,790,400 shares during the period. Manning & Napier Advisors LLC purchased a new stake in Blue Owl Capital during the 2nd quarter valued at $8,148,000. Royal Bank of Canada lifted its position in Blue Owl Capital by 38.8% in the first quarter. Royal Bank of Canada now owns 892,317 shares of the company’s stock worth $8,147,000 after buying an additional 249,461 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in Blue Owl Capital by 47.9% in the second quarter. QRG Capital Management Inc. now owns 472,852 shares of the company’s stock worth $4,137,000 after buying an additional 153,089 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. HSBC set a $17.00 price objective on shares of Blue Owl Capital in a research note on Thursday, September 24th. Barclays increased their price target on Blue Owl Capital from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday. Piper Sandler raised their price target on Blue Owl Capital from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday. Evercore reaffirmed an “outperform” rating and issued a $12.00 price target on shares of Blue Owl Capital in a research note on Friday. Finally, Wells Fargo & Company lifted their target price on Blue Owl Capital from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $13.17.

Blue Owl Capital Trading Up 2.4%

Shares of NYSE:OWL opened at $10.57 on Tuesday. Blue Owl Capital Inc. has a 12-month low of $7.95 and a 12-month high of $17.00. The business’s fifty day simple moving average is $10.06 and its 200-day simple moving average is $10.34. The company has a market capitalization of $16.49 billion, a PE ratio of 75.54, a P/E/G ratio of 1.18 and a beta of 1.35.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The firm had revenue of $752.60 million during the quarter, compared to analyst estimates of $698.10 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. Research analysts predict that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Tuesday, November 10th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.7%. The ex-dividend date is Tuesday, November 10th. Blue Owl Capital’s payout ratio is 657.14%.

Blue Owl Capital Company Profile

Blue Owl Capital Inc (NYSE: OWL) is an alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals, and other clients. The company focuses on strategies designed to deliver income, long-term capital appreciation, and customized exposure to private markets.

Blue Owl operates across three primary platforms: Credit, GP Strategic Capital, and Real Estate. Its credit business provides private financing to companies, including direct lending and other asset-backed and specialty finance strategies.