Sanctuary Advisors LLC Acquires 20,774 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Sanctuary Advisors LLC raised its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 37.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,869 shares of the company’s stock after acquiring an additional 20,774 shares during the quarter. Sanctuary Advisors LLC’s holdings in Blue Owl Capital were worth $1,469,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stone Point Capital LLC purchased a new position in Blue Owl Capital in the 2nd quarter worth about $112,749,000. Westfield Capital Management Co. LP raised its stake in shares of Blue Owl Capital by 4.6% during the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock valued at $130,415,000 after acquiring an additional 293,221 shares in the last quarter. Barclays PLC boosted its holdings in shares of Blue Owl Capital by 13.7% in the third quarter. Barclays PLC now owns 1,571,806 shares of the company’s stock valued at $30,430,000 after purchasing an additional 189,082 shares during the period. Raymond James & Associates grew its stake in Blue Owl Capital by 41.8% in the third quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock worth $5,972,000 after purchasing an additional 90,998 shares in the last quarter. Finally, FMR LLC increased its holdings in Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after purchasing an additional 8,138,475 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $23.49 on Friday. The business’s 50-day moving average is $23.24 and its 200 day moving average is $19.84. Blue Owl Capital Inc. has a 1 year low of $14.37 and a 1 year high of $25.03. The firm has a market capitalization of $35.08 billion, a P/E ratio of 138.18, a P/E/G ratio of 1.66 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same period last year, the firm posted $0.16 EPS. On average, analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a dividend of $0.18 per share. The ex-dividend date was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a yield of 3.07%. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on OWL shares. Wells Fargo & Company upped their target price on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Piper Sandler upped their price objective 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer upped their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.56.

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.