10,480 Shares in Blue Owl Capital Inc. (NYSE:OWL) Acquired by Camden National Bank

Camden National Bank purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,480 shares of the company’s stock, valued at approximately $203,000.

A number of other large investors have also added to or reduced their stakes in OWL. Stone Point Capital LLC acquired a new stake in Blue Owl Capital during the second quarter worth approximately $112,749,000. Kinetic Partners Management LP acquired a new stake in shares of Blue Owl Capital in the 1st quarter valued at $69,600,000. State of New Jersey Common Pension Fund A acquired a new stake in shares of Blue Owl Capital in the 2nd quarter valued at $63,115,000. Ceredex Value Advisors LLC acquired a new stake in shares of Blue Owl Capital in the 2nd quarter valued at $32,387,000. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Blue Owl Capital by 69.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company’s stock valued at $73,035,000 after purchasing an additional 1,683,408 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Oppenheimer raised their target price on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Company raised their target price on Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft raised their target price on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. Evercore ISI raised their target price on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, Piper Sandler increased their price target on Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.31.

Blue Owl Capital Price Performance

Shares of OWL opened at $24.55 on Friday. The stock has a 50-day moving average of $21.55 and a 200-day moving average of $19.15. The company has a market cap of $36.67 billion, a PE ratio of 144.41, a P/E/G ratio of 1.63 and a beta of 1.14. Blue Owl Capital Inc. has a one year low of $13.01 and a one year high of $24.70.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same period last year, the business posted $0.16 EPS. Analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a yield of 2.93%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.53%.

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.