New York State Common Retirement Fund Has $4.85 Million Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

New York State Common Retirement Fund decreased its position in Blue Owl Capital Inc. (NYSE:OWL) by 13.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 325,369 shares of the company’s stock after selling 52,678 shares during the period. New York State Common Retirement Fund’s holdings in Blue Owl Capital were worth $4,848,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Blue Owl Capital in the third quarter worth $27,000. Salem Investment Counselors Inc. increased its stake in Blue Owl Capital by 58.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after buying an additional 1,159 shares during the last quarter. Clearstead Advisors LLC bought a new stake in Blue Owl Capital during the 3rd quarter worth about $49,000. Loomis Sayles & Co. L P boosted its stake in shares of Blue Owl Capital by 1,570.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 4,877 shares of the company’s stock worth $63,000 after buying an additional 4,585 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Blue Owl Capital by 25.9% in the 3rd quarter. Signaturefd LLC now owns 5,893 shares of the company’s stock valued at $76,000 after acquiring an additional 1,214 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of OWL opened at $17.95 on Friday. The company’s 50-day moving average is $18.33 and its 200-day moving average is $15.87. The firm has a market capitalization of $25.65 billion, a PE ratio of 149.58, a PEG ratio of 1.17 and a beta of 1.24. Blue Owl Capital Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $19.87.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $494.04 million for the quarter, compared to analysts’ expectations of $438.77 million. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.02%. During the same period in the prior year, the firm earned $0.15 EPS. Analysts predict that Blue Owl Capital Inc. will post 0.84 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Tuesday, May 21st will be issued a dividend of $0.18 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 4.01%. The ex-dividend date is Monday, May 20th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 466.67%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on OWL shares. JMP Securities reissued a “market outperform” rating and set a $24.00 price target on shares of Blue Owl Capital in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft increased their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, April 18th. TD Cowen lowered their target price on shares of Blue Owl Capital from $23.00 to $21.50 and set a “buy” rating on the stock in a report on Friday. Evercore ISI lifted their price objective on shares of Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Finally, The Goldman Sachs Group boosted their price objective on shares of Blue Owl Capital from $17.75 to $20.25 and gave the stock a “buy” rating in a research note on Monday, February 12th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.89.

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.