Quantbot Technologies LP Has $5.12 Million Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Quantbot Technologies LP lessened its stake in Blue Owl Capital Inc. (NYSE:OWL) by 9.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 271,494 shares of the company’s stock after selling 29,569 shares during the quarter. Quantbot Technologies LP’s holdings in Blue Owl Capital were worth $5,120,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. M&T Bank Corp boosted its holdings in Blue Owl Capital by 7.0% in the 4th quarter. M&T Bank Corp now owns 11,512 shares of the company’s stock valued at $172,000 after purchasing an additional 753 shares during the period. Parsons Capital Management Inc. RI grew its position in Blue Owl Capital by 5.5% during the first quarter. Parsons Capital Management Inc. RI now owns 15,932 shares of the company’s stock worth $300,000 after buying an additional 832 shares in the last quarter. Whalen Wealth Management Inc. increased its stake in Blue Owl Capital by 4.0% during the 1st quarter. Whalen Wealth Management Inc. now owns 28,744 shares of the company’s stock worth $542,000 after acquiring an additional 1,098 shares during the period. Salem Investment Counselors Inc. raised its holdings in Blue Owl Capital by 58.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after acquiring an additional 1,159 shares in the last quarter. Finally, Oliver Luxxe Assets LLC lifted its position in shares of Blue Owl Capital by 2.5% during the 1st quarter. Oliver Luxxe Assets LLC now owns 61,086 shares of the company’s stock valued at $1,152,000 after acquiring an additional 1,462 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OWL. JMP Securities reaffirmed a “market outperform” rating and issued a $24.00 price target on shares of Blue Owl Capital in a research note on Tuesday, April 9th. TD Cowen restated a “hold” rating and issued a $19.00 target price (down from $21.50) on shares of Blue Owl Capital in a research report on Monday. UBS Group cut their price target on shares of Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $18.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $21.00 target price on shares of Blue Owl Capital in a research note on Monday, June 10th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.81.

Blue Owl Capital Stock Up 1.4 %

Shares of NYSE OWL traded up $0.24 during midday trading on Friday, reaching $17.70. 3,590,175 shares of the company were exchanged, compared to its average volume of 5,135,331. The stock’s 50-day moving average price is $18.00 and its 200-day moving average price is $17.45. The stock has a market cap of $25.29 billion, a P/E ratio of 145.50, a PEG ratio of 1.06 and a beta of 1.18. Blue Owl Capital Inc. has a one year low of $10.64 and a one year high of $19.87.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. The business had revenue of $486.55 million for the quarter, compared to analyst estimates of $478.47 million. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.81 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.72 annualized dividend and a dividend yield of 4.07%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14. Blue Owl Capital’s dividend payout ratio is currently 600.00%.

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.