103,249 Shares in Blue Owl Capital Inc. $OWL Acquired by SMH Capital Advisors Inc.

Key Points

• SMH Capital Advisors acquired 103,249 Blue Owl Capital shares in the third quarter, valued at approximately $939,000. The position represents about 3.6% of the firm’s portfolio, while institutional investors collectively own 35.85% of OWL.
• Blue Owl reported quarterly earnings of $0.24 per share, exceeding estimates of $0.23, while revenue of $752.6 million also surpassed expectations. The company declared a $0.23 quarterly dividend, equivalent to an annualized yield of approximately 8.7%.
• Analyst sentiment remains moderately positive, with an average rating of “Moderate Buy” and an average price target of $13.17, compared with the stock’s opening price of $10.57.

SMH Capital Advisors Inc. acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 103,249 shares of the company's stock, valued at approximately $939,000. Blue Owl Capital comprises approximately 3.6% of SMH Capital Advisors Inc.'s investment portfolio, making the stock its 9th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Burk Holdings LLC purchased a new stake in Blue Owl Capital in the second quarter worth approximately $27,000. Essential Partners LLC raised its stake in Blue Owl Capital by 739.7% during the 1st quarter. Essential Partners LLC now owns 3,216 shares of the company's stock valued at $29,000 after buying an additional 2,833 shares during the last quarter. CX Institutional raised its stake in Blue Owl Capital by 881.5% during the 2nd quarter. CX Institutional now owns 3,396 shares of the company's stock valued at $30,000 after buying an additional 3,050 shares during the last quarter. Center for Financial Planning Inc. lifted its holdings in shares of Blue Owl Capital by 2,100.0% during the 1st quarter. Center for Financial Planning Inc. now owns 4,400 shares of the company's stock valued at $40,000 after buying an additional 4,200 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Blue Owl Capital by 118.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 4,577 shares of the company's stock valued at $40,000 after buying an additional 2,485 shares during the period. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Price Performance

NYSE:OWL opened at $10.57 on Tuesday. The firm has a market capitalization of $16.49 billion, a price-to-earnings ratio of 75.54, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35. Blue Owl Capital Inc. has a one year low of $7.95 and a one year high of $17.00. The business has a fifty day moving average price of $10.06 and a 200-day moving average price of $10.34.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The company had revenue of $752.60 million for the quarter, compared to analysts' expectations of $698.10 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. On average, equities research analysts expect that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Tuesday, November 10th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.92 annualized dividend and a dividend yield of 8.7%. Blue Owl Capital's dividend payout ratio (DPR) is 657.14%.

Analysts Set New Price Targets

Several analysts recently commented on OWL shares. Piper Sandler lifted their price objective on Blue Owl Capital from $12.00 to $13.00 and gave the stock an "overweight" rating in a report on Monday. Wells Fargo & Company increased their target price on Blue Owl Capital from $10.00 to $11.00 and gave the company an "equal weight" rating in a report on Friday. HSBC set a $17.00 target price on Blue Owl Capital in a report on Thursday, September 24th. BMO Capital Markets cut their price target on Blue Owl Capital from $12.00 to $11.00 and set an "outperform" rating for the company in a research note on Tuesday, October 27th. Finally, Citizens Jmp reduced their price target on shares of Blue Owl Capital from $21.00 to $17.00 and set a "market outperform" rating for the company in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $13.17.

Blue Owl Capital Profile

Blue Owl Capital Inc NYSE: OWL is an alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals, and other clients. The company focuses on strategies designed to deliver income, long-term capital appreciation, and customized exposure to private markets.

Blue Owl operates across three primary platforms: Credit, GP Strategic Capital, and Real Estate. Its credit business provides private financing to companies, including direct lending and other asset-backed and specialty finance strategies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.