Gabelli Funds LLC Reduces Stake in Blue Owl Capital Inc. (NYSE:OWL)
Gabelli Funds LLC decreased its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 5.5% during the fourth quarter, as per the recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm sold 9,000 shares, leaving them with 153,500 shares valued at $2,287,000 at the end of the quarter.
Several other hedge funds have also made changes to their investments in OWL. Capital International Investors saw a 12.0% increase in their Blue Owl Capital holdings during the same quarter, now owning 33,177,641 shares worth $494,347,000. Analysts have set new price targets for OWL, with ratings ranging from “market perform” to “buy.” The stock is currently rated as a “Moderate Buy” with an average price target of $20.43.
Blue Owl Capital Inc. is currently trading down 0.2% on the NYSE, with shares priced at $16.69. The company reported earnings of $0.17 per share for the last quarter, exceeding analyst expectations. They also recently increased their quarterly dividend to $0.18 per share.
Blue Owl Capital Inc. operates as an asset manager in the United States, offering various capital solutions to middle market companies and alternative asset managers. Their product offerings include private credit products, GP strategic capital products, and real estate products focused on acquiring triple net lease real estate.
**Keywords: Blue Owl Capital Inc, Gabelli Funds LLC, hedge funds, stock market, NYSE:OWL**
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