Edgestream Partners L.P. Sells 19,413 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Edgestream Partners L.P. lowered its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 16.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,897 shares of the company’s stock after selling 19,413 shares during the period. Edgestream Partners L.P.’s holdings in Blue Owl Capital were worth $1,915,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of OWL. FMR LLC grew its position in shares of Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after purchasing an additional 8,138,475 shares in the last quarter. Stone Point Capital LLC bought a new position in Blue Owl Capital in the 2nd quarter worth about $112,749,000. State of New Jersey Common Pension Fund A bought a new position in Blue Owl Capital in the 2nd quarter worth about $63,115,000. Ceredex Value Advisors LLC purchased a new stake in shares of Blue Owl Capital in the 2nd quarter valued at about $32,387,000. Finally, Point72 Asset Management L.P. boosted its position in shares of Blue Owl Capital by 69.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company’s stock valued at $73,035,000 after acquiring an additional 1,683,408 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 2.9 %

OWL stock opened at $23.04 on Tuesday. The stock has a market capitalization of $34.41 billion, a price-to-earnings ratio of 136.12, a PEG ratio of 1.59 and a beta of 1.14. The firm’s 50-day moving average price is $22.11 and its two-hundred day moving average price is $19.34. Blue Owl Capital Inc. has a 12-month low of $13.01 and a 12-month high of $25.03.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $565.93 million. During the same quarter in the previous year, the business earned $0.16 EPS. Equities analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.13%. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OWL. JMP Securities raised their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company a “market outperform” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft raised their price objective 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. Wells Fargo & Company lifted their price objective on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Oppenheimer increased their target price on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, UBS Group lifted their price target on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.31.

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.