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

Quantbot Technologies LP trimmed its position in Blue Owl Capital Inc. (NYSE:OWL) by 69.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of OWL. Insigneo Advisory Services LLC lifted its position in Blue Owl Capital by 2.7% during the 2nd quarter. Insigneo Advisory Services LLC now owns 19,521 shares of the company’s stock worth $375,000 after acquiring an additional 516 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Blue Owl Capital by 7.3% in the third quarter. Nisa Investment Advisors LLC now owns 10,011 shares of the company’s stock worth $169,000 after purchasing an additional 685 shares during the period. Park Avenue Securities LLC lifted its position in shares of Blue Owl Capital by 5.6% during the 3rd quarter. Park Avenue Securities LLC now owns 13,149 shares of the company’s stock worth $223,000 after purchasing an additional 699 shares during the last quarter. Kaizen Financial Strategies boosted its stake in Blue Owl Capital by 5.9% during the 2nd quarter. Kaizen Financial Strategies now owns 13,155 shares of the company’s stock valued at $253,000 after purchasing an additional 730 shares during the period. Finally, Bessemer Group Inc. grew its holdings in Blue Owl Capital by 20.3% in the 3rd quarter. Bessemer Group Inc. now owns 4,967 shares of the company’s stock valued at $84,000 after buying an additional 838 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on OWL shares. Zacks Research lowered Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. TD Cowen reaffirmed a “buy” rating on shares of Blue Owl Capital in a research report on Wednesday, January 14th. Piper Sandler reduced their price target on shares of Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Barclays restated an “equal weight” rating and issued a $11.00 price target (down from $15.00) on shares of Blue Owl Capital in a research report on Monday. Finally, The Goldman Sachs Group dropped their price objective on shares of Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.44.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $10.68 on Tuesday. The firm has a fifty day moving average of $13.84 and a 200-day moving average of $15.65. The stock has a market cap of $16.60 billion, a price-to-earnings ratio of 106.81, a P/E/G ratio of 0.88 and a beta of 1.11. Blue Owl Capital Inc. has a 52-week low of $10.08 and a 52-week high of $21.89.

Blue Owl Capital (NYSE:OWL) last issued its earnings results 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. On average, sell-side analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

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

About Blue Owl Capital

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.