FORA Capital LLC Invests $2.03 Million in Blue Owl Capital Inc. (NYSE:OWL)

FORA Capital LLC bought a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the third quarter, Holdings Channel reports. The firm bought 104,920 shares of the company’s stock, valued at approximately $2,031,000.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Evercore ISI increased their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Piper Sandler increased their price target on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Oppenheimer boosted their price objective on shares of Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upped 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. Finally, Wells Fargo & Company lifted their target price on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.31.

Blue Owl Capital Trading Down 2.4 %

Shares of Blue Owl Capital stock opened at $23.77 on Thursday. The stock has a market capitalization of $35.50 billion, a price-to-earnings ratio of 139.83, a P/E/G ratio of 1.63 and a beta of 1.14. The firm’s 50-day moving average price is $21.80 and its two-hundred day moving average price is $19.23. Blue Owl Capital Inc. has a 1-year low of $13.01 and a 1-year high of $25.03.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting 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 business had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same period in the prior year, the company earned $0.16 EPS. As a group, equities research analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a $0.18 dividend. The ex-dividend date was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.03%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.55%.

Blue Owl Capital 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.