838,799 Blue Owl Capital Inc. $OWL Shares Sold by Cortland Associates Inc. MO

Cortland Associates Inc. MO reduced its stake in Blue Owl Capital Inc. (NYSE:OWL) by 65.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 442,100 shares of the company’s stock after selling 838,799 shares during the quarter. Blue Owl Capital comprises approximately 0.6% of Cortland Associates Inc. MO’s holdings, making the stock its 28th largest position. Cortland Associates Inc. MO’s holdings in Blue Owl Capital were worth $4,019,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Burk Holdings LLC bought a new position in Blue Owl Capital during the 2nd quarter valued at approximately $27,000. Essential Partners LLC raised its position in shares of Blue Owl Capital by 739.7% in the 1st quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock worth $29,000 after purchasing an additional 2,833 shares during the last quarter. CX Institutional boosted its stake in Blue Owl Capital by 881.5% in the 2nd quarter. CX Institutional now owns 3,396 shares of the company’s stock worth $30,000 after purchasing an additional 3,050 shares in the last quarter. Allworth Financial LP bought a new position in Blue Owl Capital in the 2nd quarter worth about $42,000. Finally, Center for Financial Planning Inc. grew its position in 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 purchasing an additional 4,200 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Up 2.4%

Shares of Blue Owl Capital stock opened at $10.57 on Tuesday. Blue Owl Capital Inc. has a twelve month low of $7.95 and a twelve month high of $17.00. The company’s 50 day moving average is $10.06 and its 200 day moving average is $10.34. The company has a market cap 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 (NYSE:OWL) last announced its earnings results on Thursday, October 29th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The business had revenue of $752.60 million during the quarter, compared to analyst estimates of $698.10 million. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

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

Analysts Set New Price Targets

OWL has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price objective on shares of Blue Owl Capital from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Monday. Oppenheimer increased their price target on shares of Blue Owl Capital from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Piper Sandler increased their price target on shares of Blue Owl Capital from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday. Barclays upped their price objective on Blue Owl Capital from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Evercore restated an “outperform” rating and issued a $12.00 price target on shares of Blue Owl Capital in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $13.17.

About Blue Owl Capital

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.