Blue Owl Capital Inc. $OWL Position Decreased by Brown University

Brown University cut its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 16.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,569,816 shares of the company’s stock after selling 520,000 shares during the period. Blue Owl Capital comprises approximately 34.8% of Brown University’s portfolio, making the stock its 2nd biggest holding. Brown University’s holdings in Blue Owl Capital were worth $49,366,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of OWL. Chicago Partners Investment Group LLC boosted its holdings in shares of Blue Owl Capital by 8.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 601,768 shares of the company’s stock worth $12,288,000 after buying an additional 45,261 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Blue Owl Capital by 17.3% in the second quarter. Public Employees Retirement System of Ohio now owns 189,397 shares of the company’s stock worth $3,638,000 after acquiring an additional 27,995 shares during the period. Meridian Wealth Management LLC purchased a new position in Blue Owl Capital in the first quarter valued at about $2,457,000. Envestnet Asset Management Inc. grew its position in shares of Blue Owl Capital by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 954,764 shares of the company’s stock valued at $18,341,000 after acquiring an additional 36,784 shares during the period. Finally, Advent International L.P. increased its stake in shares of Blue Owl Capital by 14.2% during the 1st quarter. Advent International L.P. now owns 4,600,905 shares of the company’s stock worth $92,202,000 after purchasing an additional 570,905 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

Shares of OWL opened at $14.85 on Friday. Blue Owl Capital Inc. has a 52-week low of $14.52 and a 52-week high of $26.73. The stock’s 50-day simple moving average is $16.85 and its 200 day simple moving average is $18.31. The stock has a market capitalization of $23.01 billion, a price-to-earnings ratio of 247.54, a price-to-earnings-growth ratio of 1.12 and a beta of 1.12.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $687.00 million for the quarter, compared to the consensus estimate of $685.95 million. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. On average, research analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 10th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Monday, November 10th. Blue Owl Capital’s payout ratio is 1,500.00%.

Analyst Ratings Changes

OWL has been the topic of a number of research reports. BMO Capital Markets began coverage on shares of Blue Owl Capital in a report on Friday, October 3rd. They issued an “outperform” rating and a $18.00 price target on the stock. Cowen restated a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Evercore ISI cut their price target on Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, October 21st. Finally, Barclays cut their target price on shares of Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

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.