Gamco Investors INC. ET AL Sells 16,150 Shares of Blue Owl Capital Inc. $OWL

Key Points

• Gamco Investors INC. ET AL reduced its stake in Blue Owl Capital Inc. by 5.5%, selling 16,150 shares and ending the period with 277,180 shares valued at approximately $5.55 million.
• Several institutional investors have increased their positions in Blue Owl Capital, with MassMutual Private Wealth & Trust FSB notably raising its stake by 380.4% to own 1,326 shares valued at $27,000.
• Analysts have recently upgraded Blue Owl Capital's stock rating and raised price targets, with an average rating of "Moderate Buy" and a price target of $24.02.

Gamco Investors INC. ET AL reduced its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 5.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 277,180 shares of the company's stock after selling 16,150 shares during the quarter. Gamco Investors INC. ET AL's holdings in Blue Owl Capital were worth $5,555,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of OWL. Bank of New York Mellon Corp grew its position in shares of Blue Owl Capital by 9.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,655,834 shares of the company's stock valued at $53,223,000 after purchasing an additional 229,745 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Blue Owl Capital by 13.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,471 shares of the company's stock valued at $230,000 after purchasing an additional 1,357 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Blue Owl Capital by 16.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,400 shares of the company's stock valued at $1,358,000 after purchasing an additional 9,522 shares during the period. Townsend Asset Management Corp NC ADV grew its position in shares of Blue Owl Capital by 8.6% in the 1st quarter. Townsend Asset Management Corp NC ADV now owns 287,731 shares of the company's stock valued at $5,766,000 after purchasing an additional 22,778 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of Blue Owl Capital in the 1st quarter valued at approximately $1,581,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

OWL traded down $0.19 during trading hours on Monday, reaching $18.50. The company's stock had a trading volume of 5,951,308 shares, compared to its average volume of 5,925,921. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The company's 50-day moving average is $19.39 and its 200-day moving average is $19.30. The firm has a market cap of $28.67 billion, a PE ratio of 205.58, a price-to-earnings-growth ratio of 1.21 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%.The business had revenue of $703.11 million for the quarter, compared to analysts' expectations of $642.13 million. Equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Thursday, August 14th. Blue Owl Capital's dividend payout ratio is 1,000.00%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. Piper Sandler boosted their target price on Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Evercore ISI boosted their target price on Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Oppenheimer boosted their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company boosted their target price on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.02.

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.