1,760,259 Shares in Blue Owl Capital Inc. (NYSE:OWL) Purchased by BNP Paribas Arbitrage SNC

BNP Paribas Arbitrage SNC acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL – Get Rating) in the third quarter, Holdings Channel reports. The fund acquired 1,760,259 shares of the company’s stock, valued at approximately $16,247,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Alliancebernstein L.P. increased its holdings in shares of Blue Owl Capital by 8.2% during the third quarter. Alliancebernstein L.P. now owns 1,959,507 shares of the company’s stock worth $18,086,000 after purchasing an additional 148,280 shares during the period. State Street Corp increased its stake in Blue Owl Capital by 11.0% in the third quarter. State Street Corp now owns 5,671,545 shares of the company’s stock valued at $52,348,000 after acquiring an additional 560,757 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Blue Owl Capital by 4.0% in the third quarter. Public Employees Retirement System of Ohio now owns 208,625 shares of the company’s stock valued at $1,926,000 after acquiring an additional 7,982 shares during the last quarter. Twinbeech Capital LP increased its stake in Blue Owl Capital by 204.0% in the third quarter. Twinbeech Capital LP now owns 489,352 shares of the company’s stock valued at $4,517,000 after acquiring an additional 328,402 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in Blue Owl Capital by 163.7% in the third quarter. Two Sigma Advisers LP now owns 29,800 shares of the company’s stock valued at $275,000 after acquiring an additional 18,500 shares during the last quarter. Institutional investors and hedge funds own 29.68% of the company’s stock.

Blue Owl Capital Stock Up 1.5 %

Shares of NYSE:OWL opened at $10.28 on Wednesday. The firm has a market cap of $14.47 billion, a P/E ratio of -342.67, a P/E/G ratio of 0.35 and a beta of 1.31. Blue Owl Capital Inc. has a 12-month low of $8.06 and a 12-month high of $14.70. The business has a fifty day simple moving average of $12.36 and a 200 day simple moving average of $11.22.

Blue Owl Capital (NYSE:OWL – Get Rating) last issued its quarterly earnings data on Monday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $395.51 million during the quarter, compared to the consensus estimate of $381.39 million. Blue Owl Capital had a positive return on equity of 13.14% and a negative net margin of 0.68%. During the same period last year, the company earned $0.12 earnings per share. As a group, equities research analysts expect that Blue Owl Capital Inc. will post 0.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 6th. Stockholders of record on Friday, February 24th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.06%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.12. Blue Owl Capital’s payout ratio is -1,733.33%.

Analyst Ratings Changes

A number of research analysts recently issued reports on OWL shares. Credit Suisse Group set a $11.50 price objective on shares of Blue Owl Capital in a research note on Wednesday, November 23rd. JMP Securities boosted their target price on shares of Blue Owl Capital from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 14th. Keefe, Bruyette & Woods cut shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating and set a $13.00 target price on the stock. in a research note on Monday, January 2nd. Finally, The Goldman Sachs Group boosted their target price on shares of Blue Owl Capital from $15.00 to $16.75 and gave the stock a “buy” rating in a research note on Tuesday, February 14th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital presently has an average rating of “Hold” and a consensus price target of $15.18.

Blue Owl Capital Company Profile

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Blue Owl Capital Inc operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases.