State of New Jersey Common Pension Fund D Has $3.66 Million Stock Holdings in Blue Owl Capital Inc. $OWL

State of New Jersey Common Pension Fund D raised its position in Blue Owl Capital Inc. (NYSE:OWL) by 12.2% in the 2nd quarter, Holdings Channel reports. The firm owned 190,616 shares of the company’s stock after buying an additional 20,771 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Blue Owl Capital were worth $3,662,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Blue Owl Capital by 13.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,471 shares of the company’s stock worth $230,000 after acquiring an additional 1,357 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Blue Owl Capital by 31.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company’s stock valued at $285,000 after buying an additional 3,407 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Blue Owl Capital by 16.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,400 shares of the company’s stock valued at $1,358,000 after purchasing an additional 9,522 shares in the last quarter. Amalgamated Bank boosted its position in shares of Blue Owl Capital by 9.9% during the first quarter. Amalgamated Bank now owns 37,076 shares of the company’s stock worth $743,000 after buying an additional 3,340 shares during the period. Finally, J.Safra Asset Management Corp acquired a new position in shares of Blue Owl Capital during the first quarter worth about $210,000. 35.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OWL shares. Barclays cut their target price on Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Raymond James Financial assumed coverage on shares of Blue Owl Capital in a report on Monday, July 28th. They issued a “market perform” rating on the stock. The Goldman Sachs Group reduced their target price on shares of Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating for the company in a report on Monday, October 6th. BMO Capital Markets initiated coverage on shares of Blue Owl Capital in a research note on Friday, October 3rd. They issued an “outperform” rating and a $18.00 price target on the stock. Finally, Oppenheimer reduced their price objective on shares of Blue Owl Capital from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.38.

Blue Owl Capital Price Performance

OWL stock opened at $16.92 on Tuesday. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The stock has a market cap of $26.21 billion, a price-to-earnings ratio of 187.97, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. The company has a fifty day moving average price of $17.61 and a two-hundred day moving average price of $18.48.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. The company had revenue of $703.11 million during the quarter, compared to analysts’ expectations of $642.13 million. Research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.225 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.3%. Blue Owl Capital’s dividend payout ratio (DPR) is 1,000.00%.

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.