Dearborn Partners LLC Makes New Investment in Blue Owl Capital Inc. (NYSE:OWL)

Dearborn Partners LLC purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 29,098 shares of the company’s stock, valued at approximately $563,000.

Other large investors have also modified their holdings of the company. Transcendent Capital Group LLC bought a new position in Blue Owl Capital in the 1st quarter worth about $26,000. ORG Partners LLC acquired a new stake in Blue Owl Capital in the 2nd quarter valued at approximately $32,000. ORG Wealth Partners LLC bought a new stake in Blue Owl Capital during the 3rd quarter valued at $32,000. Family Firm Inc. acquired a new position in Blue Owl Capital during the 2nd quarter worth $40,000. Finally, Rothschild Investment LLC bought a new position in shares of Blue Owl Capital in the second quarter worth $45,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. 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 report on Friday, November 1st. Evercore ISI increased their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Wells Fargo & Company boosted their target price on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. UBS Group upped their target price 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.31.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $22.59 on Friday. Blue Owl Capital Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $24.17. The firm’s 50 day simple moving average is $20.88 and its 200-day simple moving average is $18.95. The company has a market cap of $33.06 billion, a P/E ratio of 132.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $600.88 million for the quarter, compared to analysts’ expectations 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 in the previous year, the company posted $0.16 EPS. On average, analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital’s payout ratio is 423.53%.

Blue Owl Capital Company 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.