34,746 Shares in Blue Owl Capital Inc. $OWL Acquired by SMH Capital Advisors Inc.

SMH Capital Advisors Inc. acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 34,746 shares of the company’s stock, valued at approximately $667,000. Blue Owl Capital makes up 1.5% of SMH Capital Advisors Inc.’s investment portfolio, making the stock its 9th largest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. grew its position in Blue Owl Capital by 528.7% in the second quarter. First Horizon Advisors Inc. now owns 7,218 shares of the company’s stock valued at $139,000 after acquiring an additional 6,070 shares during the last quarter. Partners Group Holding AG grew its holdings in Blue Owl Capital by 99.4% in the second quarter. Partners Group Holding AG now owns 1,790,863 shares of the company’s stock worth $34,402,000 after purchasing an additional 892,582 shares during the period. Creative Financial Designs Inc. ADV grew its stake in Blue Owl Capital by 6,504.1% in the second quarter. Creative Financial Designs Inc. ADV now owns 3,236 shares of the company’s stock valued at $62,000 after acquiring an additional 3,187 shares during the period. Amalgamated Bank lifted its stake in Blue Owl Capital by 23.8% in the second quarter. Amalgamated Bank now owns 45,889 shares of the company’s stock valued at $882,000 after purchasing an additional 8,813 shares during the last quarter. Finally, Keybank National Association OH lifted its holdings in Blue Owl Capital by 5.2% during the second quarter. Keybank National Association OH now owns 18,326 shares of the company’s stock valued at $352,000 after purchasing an additional 906 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OWL. Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a report on Monday, August 4th. Evercore ISI reduced their price target on shares of Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. The Goldman Sachs Group dropped their target price on shares of Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blue Owl Capital in a report on Wednesday, October 8th. Finally, Piper Sandler cut their price objective on Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Blue Owl Capital Stock Down 4.8%

OWL opened at $14.94 on Friday. The firm’s fifty day simple moving average is $17.17 and its two-hundred day simple moving average is $18.40. The company has a market cap of $23.15 billion, a price-to-earnings ratio of 249.04, a PEG ratio of 1.17 and a beta of 1.12. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%.The business had revenue of $727.99 million for the quarter, compared to analysts’ expectations of $685.95 million. On average, research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be issued a $0.225 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.0%. Blue Owl Capital’s payout ratio is 1,500.00%.

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.