Blue Owl Capital Inc. $OWL Stock: Fulcrum Asset Management LLP Grows Position

Fulcrum Asset Management LLP lifted its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 140.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 92,045 shares of the company’s stock after buying an additional 53,691 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Blue Owl Capital were worth $854,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Hohimer Wealth Management LLC purchased a new position in shares of Blue Owl Capital in the 3rd quarter valued at $349,000. Parallel Advisors LLC lifted its holdings in shares of Blue Owl Capital by 43.7% during the 3rd quarter. Parallel Advisors LLC now owns 72,879 shares of the company’s stock valued at $662,000 after acquiring an additional 22,167 shares in the last quarter. Heritage Family Offices LLP purchased a new stake in Blue Owl Capital during the 3rd quarter worth $53,000. Alta Advisers Ltd purchased a new stake in Blue Owl Capital during the 3rd quarter worth $127,000. Finally, Basso Capital Management L.P. boosted its position in Blue Owl Capital by 31.8% during the 3rd quarter. Basso Capital Management L.P. now owns 112,000 shares of the company’s stock worth $1,018,000 after purchasing an additional 27,000 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Neena Reddy sold 40,292 shares of Blue Owl Capital stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $10.40, for a total transaction of $419,036.80. Following the sale, the general counsel owned 575,892 shares of the company’s stock, valued at $5,989,276.80. The trade was a 6.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 25.74% of the company’s stock.

Blue Owl Capital Stock Down 4.3%

Shares of NYSE:OWL opened at $9.75 on Friday. The company has a market capitalization of $15.28 billion, a price-to-earnings ratio of 69.67, a price-to-earnings-growth ratio of 1.14 and a beta of 1.31. The company has a 50 day moving average of $9.79 and a two-hundred day moving average of $10.13. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $17.00.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, October 29th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Blue Owl Capital had a net margin of 3.08% and a return on equity of 24.70%. The business had revenue of $752.60 million for the quarter, compared to analysts’ expectations of $698.10 million. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.89 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Tuesday, November 10th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend is Tuesday, November 10th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 657.14%.

Analyst Ratings Changes

Several brokerages recently issued reports on OWL. Raymond James Financial reiterated a “strong-buy” rating and issued a $15.00 price target on shares of Blue Owl Capital in a report on Wednesday, November 4th. Wells Fargo & Company boosted their price objective on Blue Owl Capital from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, October 30th. Barclays boosted their price objective on Blue Owl Capital from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, October 30th. Evercore reaffirmed an “outperform” rating and issued a $12.00 target price on shares of Blue Owl Capital in a research report on Friday, October 30th. Finally, Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a research note on Thursday, September 24th. One research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.89.

Blue Owl Capital Company Profile

Blue Owl Capital Inc. is an alternative asset manager that provides private-market investment strategies and capital solutions to institutional and individual investors. Its businesses span private credit, GP strategic capital and real assets. Through its credit platform, the company provides financing to businesses, including middle-market companies. Its GP strategic capital business invests in and provides financing to alternative asset managers, while its real assets platform focuses on areas such as real estate and infrastructure.