Gabelli Funds LLC Has $6.67 Million Stock Holdings in Blue Owl Capital Inc. $OWL

Gabelli Funds LLC reduced its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 13.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 347,373 shares of the company’s stock after selling 52,422 shares during the period. Gabelli Funds LLC’s holdings in Blue Owl Capital were worth $6,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. US Bancorp DE grew its holdings 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 acquiring an additional 1,456 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Blue Owl Capital by 5.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,624,152 shares of the company’s stock worth $72,628,000 after purchasing an additional 177,095 shares during the period. Deutsche Bank AG grew its stake in shares of Blue Owl Capital by 8.9% in the first quarter. Deutsche Bank AG now owns 34,705 shares of the company’s stock worth $695,000 after purchasing an additional 2,837 shares during the last quarter. Citigroup Inc. increased its holdings in Blue Owl Capital by 153.4% in the first quarter. Citigroup Inc. now owns 620,043 shares of the company’s stock valued at $12,426,000 after purchasing an additional 375,353 shares during the period. Finally, Townsquare Capital LLC raised its position in Blue Owl Capital by 36.4% during the 1st quarter. Townsquare Capital LLC now owns 26,151 shares of the company’s stock worth $524,000 after purchasing an additional 6,982 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Insider Activity at Blue Owl Capital

In other news, CFO Alan Kirshenbaum purchased 33,670 shares of the business’s stock in a transaction on 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 completion of the acquisition, the chief financial officer owned 33,670 shares in the company, valued at approximately $500,672.90. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Marc S. Lipschultz acquired 69,663 shares of Blue Owl Capital stock in a transaction on Tuesday, December 2nd. The stock was purchased 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 directly owned 79,000 shares of the company’s stock, valued at approximately $1,189,740. This trade represents a 746.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 395,670 shares of company stock worth $5,952,393 over the last quarter. Company insiders own 27.44% of the company’s stock.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $16.68 on Wednesday. The stock has a market capitalization of $26.02 billion, a price-to-earnings ratio of 278.08, a PEG ratio of 1.21 and a beta of 1.13. Blue Owl Capital Inc. has a 52-week low of $13.25 and a 52-week high of $26.73. The stock’s 50 day moving average price is $15.65 and its two-hundred day moving average price is $17.81.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The company 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%. On average, equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were issued a dividend of $0.225 per share. The ex-dividend date was Monday, November 10th. This represents a $0.90 annualized dividend and a dividend yield of 5.4%. Blue Owl Capital’s dividend payout ratio is currently 1,500.00%.

Wall Street Analyst Weigh In

OWL has been the topic of a number of analyst reports. Evercore ISI reduced their price target on 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. The Goldman Sachs Group reduced their target price on Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Barclays lowered their price target on shares of Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Blue Owl Capital from $21.50 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

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.