56,362 Blue Owl Capital Inc. $OWL Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 81.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,895 shares of the company’s stock after selling 56,362 shares during the period. Park Avenue Securities LLC’s holdings in Blue Owl Capital were worth $117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. RDST Capital LLC grew its stake in shares of Blue Owl Capital by 22.1% in the 1st quarter. RDST Capital LLC now owns 7,648,935 shares of the company’s stock valued at $69,835,000 after purchasing an additional 1,383,450 shares during the period. Renaissance Technologies LLC lifted its position in shares of Blue Owl Capital by 2,107.1% during the 1st quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock worth $55,375,000 after buying an additional 5,790,400 shares during the period. Bank of New York Mellon Corp acquired a new stake in Blue Owl Capital in the 2nd quarter valued at $54,883,000. Estuary Capital Management LP boosted its stake in Blue Owl Capital by 338.9% in the 1st quarter. Estuary Capital Management LP now owns 4,197,297 shares of the company’s stock valued at $38,321,000 after buying an additional 3,241,040 shares in the last quarter. Finally, Lalia Capital LLC acquired a new stake in Blue Owl Capital in the 2nd quarter valued at $34,952,000. Institutional investors own 35.85% of the company’s stock.

Insider Activity

In related news, General Counsel Neena Reddy sold 40,292 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $10.40, for a total transaction of $419,036.80. Following the transaction, the general counsel owned 575,892 shares in the company, valued at $5,989,276.80. This represents a 6.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 25.74% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on OWL shares. HSBC set a $17.00 price objective on Blue Owl Capital in a research note on Thursday, September 24th. Barclays upped their target price on shares of Blue Owl Capital from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $15.00 target price on shares of Blue Owl Capital in a report on Wednesday, November 4th. Wells Fargo & Company increased their target price on shares of Blue Owl Capital from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, October 30th. Finally, Capital One Financial set a $12.00 price target on shares of Blue Owl Capital in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.89.

Blue Owl Capital Price Performance

OWL stock opened at $10.36 on Tuesday. The business has a fifty day moving average price of $9.89 and a 200 day moving average price of $10.21. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $17.00. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 74.02, a P/E/G ratio of 1.19 and a beta of 1.31.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $752.60 million for the quarter, compared to analyst estimates of $698.10 million. Blue Owl Capital had a return on equity of 24.70% and a net margin of 3.08%. On average, equities analysts expect that Blue Owl Capital Inc. will post 0.89 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 23rd. Investors of record on Tuesday, November 10th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Tuesday, November 10th. Blue Owl Capital’s payout ratio is currently 657.14%.

Blue Owl Capital Company Profile

Blue Owl Capital Inc is an alternative asset manager that provides private-market investment strategies and capital solutions to institutional and individual investors. Its businesses span private credit, GP strategic capital and real assets.

Through its credit platform, the company provides financing to businesses, including middle-market companies. Its GP strategic capital business invests in and provides financing to alternative asset managers, while its real assets platform focuses on areas such as real estate and infrastructure.

Blue Owl was formed in 2021 through the combination of Owl Rock Capital Group and Dyal Capital Partners.