Westfield Capital Management Co. LP Reduces Position in Blue Owl Capital Inc. $OWL

Westfield Capital Management Co. LP reduced its stake in Blue Owl Capital Inc. (NYSE:OWL) by 7.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,152,460 shares of the company’s stock after selling 401,321 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Blue Owl Capital were worth $98,979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Banque Transatlantique SA purchased a new stake in Blue Owl Capital in the first quarter worth about $31,000. SVB Wealth LLC purchased a new stake in Blue Owl Capital in the 1st quarter worth approximately $38,000. Safe Harbor Fiduciary LLC purchased a new stake in Blue Owl Capital in the 1st quarter worth approximately $50,000. Northwestern Mutual Wealth Management Co. raised its stake in Blue Owl Capital by 58.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock worth $50,000 after acquiring an additional 916 shares during the period. Finally, MorganRosel Wealth Management LLC purchased a new position in Blue Owl Capital during the second quarter valued at approximately $51,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OWL. Cowen restated a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th. JPMorgan Chase & Co. increased their price target on Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blue Owl Capital in a report on Wednesday, October 8th. Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, October 21st. Finally, Evercore ISI decreased their target price 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. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Blue Owl Capital Price Performance

Shares of NYSE OWL opened at $14.28 on Thursday. Blue Owl Capital Inc. has a 1-year low of $13.25 and a 1-year high of $26.73. The business has a fifty day moving average price of $16.52 and a 200 day moving average price of $18.18. The stock has a market capitalization of $22.27 billion, a P/E ratio of 237.21, a price-to-earnings-growth ratio of 1.05 and a beta of 1.12.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $687.00 million during the quarter, compared to analyst estimates of $685.95 million. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.225 per share. The ex-dividend date is Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.3%. Blue Owl Capital’s payout ratio is presently 1,500.00%.

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.