Blue Owl Capital Inc. $OWL Stock: M&G PLC Trims Position

M&G PLC trimmed its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 19.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,528,640 shares of the company’s stock after selling 373,022 shares during the quarter. M&G PLC owned approximately 0.10% of Blue Owl Capital worth $13,758,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Edgestream Partners L.P. increased its stake in Blue Owl Capital by 374.3% in the first 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 lifted its position in shares of Blue Owl Capital by 2,107.1% during the first quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock worth $55,375,000 after purchasing an additional 5,790,400 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Blue Owl Capital during the second quarter valued at $8,148,000. Royal Bank of Canada boosted its stake in shares of Blue Owl Capital by 38.8% during the first quarter. Royal Bank of Canada now owns 892,317 shares of the company’s stock valued at $8,147,000 after purchasing an additional 249,461 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in shares of Blue Owl Capital by 47.9% during the second quarter. QRG Capital Management Inc. now owns 472,852 shares of the company’s stock valued at $4,137,000 after purchasing an additional 153,089 shares during the period. 35.85% of the stock is owned by institutional investors.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, General Counsel Neena Reddy sold 40,292 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $10.40, for a total transaction of $419,036.80. Following the transaction, the general counsel owned 575,892 shares of the company’s stock, valued at approximately $5,989,276.80. This trade represents a 6.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 25.74% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OWL. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Monday, September 14th. HSBC set a $17.00 target price on shares of Blue Owl Capital in a research note on Thursday, September 24th. Oppenheimer raised their target price on shares of Blue Owl Capital from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. The Goldman Sachs Group lifted their price target on shares of Blue Owl Capital from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Monday, November 2nd. Finally, TD Cowen boosted their price target on Blue Owl Capital from $15.00 to $16.00 and gave the company a “buy” rating in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average price target of $12.89.

Blue Owl Capital Trading Down 1.4%

OWL opened at $10.22 on Wednesday. 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 $9.85 and its 200-day simple moving average is $10.18. The company has a market capitalization of $16.01 billion, a price-to-earnings ratio of 73.01, a PEG ratio of 1.16 and a beta of 1.31.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $752.60 million during the quarter, compared to the consensus estimate of $698.10 million. Blue Owl Capital had a return on equity of 24.70% and a net margin of 3.08%. On average, equities research analysts predict that Blue Owl Capital Inc. will post 0.89 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 9.0%. The ex-dividend date is Tuesday, November 10th. Blue Owl Capital’s dividend payout ratio is presently 657.14%.

About Blue Owl Capital

Blue Owl Capital Inc. is an alternative asset manager that provides private-market investment strategies and capital solutions to institutional and individual investors. Its businesses span private credit, GP strategic capital and real assets. Through its credit platform, the company provides financing to businesses, including middle-market companies. Its GP strategic capital business invests in and provides financing to alternative asset managers, while its real assets platform focuses on areas such as real estate and infrastructure.