Federated Hermes Inc. Has $112.91 Million Holdings in Blue Owl Capital Inc. $OWL

Federated Hermes Inc. cut its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 14.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,877,700 shares of the company’s stock after selling 1,023,800 shares during the quarter. Federated Hermes Inc.’s holdings in Blue Owl Capital were worth $112,911,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in OWL. Avantax Advisory Services Inc. acquired a new stake in shares of Blue Owl Capital during the first quarter valued at approximately $226,000. Cetera Investment Advisers grew its position in Blue Owl Capital by 82.1% during the 1st quarter. Cetera Investment Advisers now owns 80,612 shares of the company’s stock worth $1,615,000 after purchasing an additional 36,352 shares in the last quarter. US Bancorp DE grew its position in Blue Owl Capital by 11.4% during the 1st quarter. US Bancorp DE now owns 14,187 shares of the company’s stock worth $284,000 after purchasing an additional 1,456 shares in the last quarter. Blair William & Co. IL raised its stake in Blue Owl Capital by 128.0% during the 1st quarter. Blair William & Co. IL now owns 57,472 shares of the company’s stock valued at $1,152,000 after purchasing an additional 32,269 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Blue Owl Capital by 13.5% in the first quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company’s stock valued at $1,210,674,000 after purchasing an additional 7,206,495 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE OWL opened at $16.22 on Monday. Blue Owl Capital Inc. has a one year low of $13.25 and a one year high of $26.73. The business’s 50-day moving average price is $15.68 and its two-hundred day moving average price is $17.84. The company has a market capitalization of $25.30 billion, a P/E ratio of 270.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $687.00 million during the quarter, compared to the consensus estimate of $685.95 million. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were paid a $0.225 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a yield of 5.5%. Blue Owl Capital’s payout ratio is 1,500.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on OWL shares. Oppenheimer set a $25.00 price target on Blue Owl Capital and gave the company an “outperform” rating in a report on Friday, October 31st. The Goldman Sachs Group reduced their price objective on Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. BMO Capital Markets began coverage on Blue Owl Capital in a research report on Friday, October 3rd. They set an “outperform” rating and a $18.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Blue Owl Capital in a report on Wednesday, October 8th. Finally, Evercore ISI reduced their price target on shares of Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, CFO Alan Kirshenbaum purchased 33,670 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were acquired at an average price of $14.87 per share, for a total transaction of $500,672.90. Following the acquisition, the chief financial officer owned 33,670 shares of the company’s stock, valued at $500,672.90. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Marc S. Lipschultz acquired 69,663 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, December 2nd. The stock was acquired at an average cost of $15.06 per share, with a total value of $1,049,124.78. Following the purchase, the chief executive officer owned 79,000 shares in the company, valued at $1,189,740. The trade was a 746.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 395,670 shares of company stock valued at $5,952,393 over the last three months. 27.44% of the stock is owned by insiders.

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.