Gabelli Funds LLC Has $6.67 Million Stake in Blue Owl Capital Inc. $OWL

Gabelli Funds LLC reduced its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 13.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 347,373 shares of the company’s stock after selling 52,422 shares during the quarter. Gabelli Funds LLC’s holdings in Blue Owl Capital were worth $6,673,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in OWL. Chicago Partners Investment Group LLC lifted its holdings in shares of Blue Owl Capital by 8.1% during the second 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 in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of 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 valued at $3,638,000 after acquiring an additional 27,995 shares in the last quarter. Meridian Wealth Management LLC bought a new position in Blue Owl Capital during the first quarter worth about $2,457,000. Envestnet Asset Management Inc. increased its position in Blue Owl Capital by 4.0% during the second quarter. Envestnet Asset Management Inc. now owns 954,764 shares of the company’s stock worth $18,341,000 after acquiring an additional 36,784 shares during the period. Finally, Advent International L.P. raised its stake in Blue Owl Capital by 14.2% in 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 in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on OWL. Piper Sandler decreased their target price on shares of Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, October 8th. BMO Capital Markets assumed coverage on Blue Owl Capital in a research report on Friday, October 3rd. They set an “outperform” rating and a $18.00 price target on the stock. Oppenheimer set a $25.00 price objective on Blue Owl Capital and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Barclays cut their target price on 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 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $16.68 on Wednesday. The stock’s fifty day moving average price is $15.65 and its two-hundred day moving average price is $17.81. The company has a market cap of $26.02 billion, a PE ratio of 278.08, a P/E/G ratio of 1.21 and a beta of 1.13. Blue Owl Capital Inc. has a fifty-two week low of $13.25 and a fifty-two week high of $26.73.

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

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were issued a $0.225 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.4%. Blue Owl Capital’s dividend payout ratio is 1,500.00%.

Insider Activity at Blue Owl Capital

In related news, insider Craig Packer acquired 110,227 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was acquired at an average price of $15.06 per share, with a total value of $1,660,018.62. Following the purchase, the insider directly owned 94,000 shares in the company, valued at approximately $1,415,640. This trade represents a -679.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Alan Kirshenbaum bought 33,670 shares of the business’s stock in a transaction on Monday, December 1st. The stock was bought at an average price of $14.87 per share, for a total transaction of $500,672.90. Following the transaction, the chief financial officer directly owned 33,670 shares of the company’s stock, valued at approximately $500,672.90. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 395,670 shares of company stock worth $5,952,393 over the last three months. 27.44% of the stock is owned by insiders.

Blue Owl Capital Profile

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.