Blue Owl Capital Inc. (NYSE:OWL) Stock Position Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 15.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,031 shares of the company’s stock after buying an additional 25,444 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Blue Owl Capital were worth $4,374,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Creative Planning grew its stake in shares of Blue Owl Capital by 4.1% in the 3rd quarter. Creative Planning now owns 52,847 shares of the company’s stock worth $1,023,000 after purchasing an additional 2,076 shares during the last quarter. Raymond James & Associates grew its position in Blue Owl Capital by 41.8% in the third quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock worth $5,972,000 after buying an additional 90,998 shares during the last quarter. OLD National Bancorp IN bought a new position in shares of Blue Owl Capital in the third quarter valued at $254,000. Signaturefd LLC lifted its position in shares of Blue Owl Capital by 19.3% during the 3rd quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock valued at $177,000 after acquiring an additional 1,476 shares during the last quarter. Finally, Stanley Laman Group Ltd. boosted its stake in shares of Blue Owl Capital by 3.0% during the 3rd quarter. Stanley Laman Group Ltd. now owns 265,944 shares of the company’s stock worth $5,149,000 after acquiring an additional 7,634 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Down 0.6 %

OWL opened at $24.00 on Thursday. Blue Owl Capital Inc. has a 1 year low of $15.18 and a 1 year high of $26.73. The stock has a fifty day moving average price of $24.09 and a 200 day moving average price of $21.71. The stock has a market cap of $35.84 billion, a price-to-earnings ratio of 141.16, a PEG ratio of 1.27 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.00%. Blue Owl Capital’s dividend payout ratio (DPR) is 423.55%.

Wall Street Analyst Weigh In

OWL has been the subject of a number of recent analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $32.00 price target (up previously from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Evercore ISI raised their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their price target for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Citigroup reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average target price of $26.27.

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.