Quantbot Technologies LP Sells 406,219 Shares of Blue Owl Capital Inc. $OWL

Quantbot Technologies LP lowered its position in Blue Owl Capital Inc. (NYSE:OWL) by 69.1% in the third quarter, HoldingsChannel.com reports. The fund owned 181,762 shares of the company’s stock after selling 406,219 shares during the quarter. Quantbot Technologies LP’s holdings in Blue Owl Capital were worth $3,077,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its holdings in shares of Blue Owl Capital by 117.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after acquiring an additional 867 shares in the last quarter. Headlands Technologies LLC bought a new position in Blue Owl Capital in the 2nd quarter valued at $51,000. Activest Wealth Management acquired a new position in Blue Owl Capital in the third quarter worth $50,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Blue Owl Capital by 6,504.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 3,236 shares of the company’s stock worth $62,000 after purchasing an additional 3,187 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Blue Owl Capital by 248.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,680 shares of the company’s stock valued at $90,000 after buying an additional 3,338 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 1.2%

Shares of NYSE OWL opened at $10.68 on Tuesday. Blue Owl Capital Inc. has a 1 year low of $10.08 and a 1 year high of $21.89. The firm’s 50-day moving average is $13.84 and its 200-day moving average is $15.65. The firm has a market capitalization of $16.60 billion, a PE ratio of 106.81, a price-to-earnings-growth ratio of 0.88 and a beta of 1.11.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. The business had revenue of $701.47 million for the quarter, compared to analyst estimates of $712.75 million. As a group, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 8.4%. The ex-dividend date was Friday, February 20th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 900.00%.

Analyst Ratings Changes

OWL has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, January 21st. Piper Sandler dropped their target price on shares of Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. TD Cowen reissued a “buy” rating on shares of Blue Owl Capital in a research note on Wednesday, January 14th. Finally, Evercore set a $14.00 price objective on shares of Blue Owl Capital in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.44.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.