Chiron Investment Management LLC Invests $196,000 in Blue Owl Capital Inc. (NYSE:OWL)

Chiron Investment Management LLC purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,104 shares of the company’s stock, valued at approximately $196,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Blue Owl Capital by 29.9% in the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after purchasing an additional 8,138,475 shares in the last quarter. Stone Point Capital LLC purchased a new stake in shares of Blue Owl Capital during the second quarter valued at $112,749,000. State of New Jersey Common Pension Fund A bought a new stake in Blue Owl Capital in the 2nd quarter worth about $63,115,000. Ceredex Value Advisors LLC purchased a new position in Blue Owl Capital in the 2nd quarter worth about $32,387,000. Finally, Point72 Asset Management L.P. lifted its stake in Blue Owl Capital by 69.2% during 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 acquiring an additional 1,683,408 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Up 0.4 %

Shares of OWL opened at $23.46 on Wednesday. Blue Owl Capital Inc. has a 52 week low of $13.01 and a 52 week high of $25.03. The stock has a market cap of $35.03 billion, a price-to-earnings ratio of 137.97, a PEG ratio of 1.58 and a beta of 1.14. The business has a 50-day simple moving average of $22.70 and a two-hundred day simple moving average of $19.56.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The company had revenue of $600.88 million for the quarter, compared to analysts’ expectations of $565.93 million. During the same quarter last year, the business earned $0.16 EPS. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.07%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on OWL shares. Wells Fargo & Company boosted their price objective on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. UBS Group increased their price target on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Piper Sandler lifted their price objective on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Oppenheimer upped their price objective on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, JMP Securities reissued a “market outperform” rating and issued a $27.00 target price on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.31.

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.