Edgestream Partners L.P. Sells 19,413 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Edgestream Partners L.P. trimmed its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 16.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 98,897 shares of the company’s stock after selling 19,413 shares during the period. Edgestream Partners L.P.’s holdings in Blue Owl Capital were worth $1,915,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. King Luther Capital Management Corp lifted its stake in shares of Blue Owl Capital by 0.6% in the 3rd quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock valued at $1,547,000 after purchasing an additional 485 shares during the period. Apollon Wealth Management LLC lifted its position in Blue Owl Capital by 1.1% during the third quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock valued at $1,009,000 after buying an additional 565 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Blue Owl Capital by 0.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock valued at $1,851,000 after buying an additional 575 shares in the last quarter. MAI Capital Management boosted its holdings in shares of Blue Owl Capital by 0.3% during the 3rd quarter. MAI Capital Management now owns 189,251 shares of the company’s stock valued at $3,664,000 after buying an additional 607 shares in the last quarter. Finally, Affinity Wealth Management LLC grew its position in shares of Blue Owl Capital by 5.3% in the 3rd quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company’s stock worth $258,000 after buying an additional 675 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL opened at $23.04 on Tuesday. The firm has a market cap of $34.41 billion, a price-to-earnings ratio of 136.12, a price-to-earnings-growth ratio of 1.59 and a beta of 1.14. The business has a 50-day simple moving average of $22.11 and a two-hundred day simple moving average of $19.34. Blue Owl Capital Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $25.03.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The firm had revenue of $600.88 million during the quarter, compared to analysts’ expectations of $565.93 million. During the same period in the previous year, the company earned $0.16 earnings per share. As a group, research analysts predict that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a dividend of $0.18 per share. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a dividend yield of 3.13%. Blue Owl Capital’s payout ratio is 423.53%.

Analysts Set New Price Targets

OWL has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. JMP Securities lifted their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company a “market outperform” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company lifted their price objective on Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI boosted their target price on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.31.

About Blue Owl Capital

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.