Maryland State Retirement & Pension System Increases Stock Holdings in Blue Owl Capital Inc. $OWL

Maryland State Retirement & Pension System boosted its position in Blue Owl Capital Inc. (NYSE:OWL) by 22.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,649 shares of the company’s stock after purchasing an additional 5,465 shares during the period. Maryland State Retirement & Pension System’s holdings in Blue Owl Capital were worth $570,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Blue Owl Capital by 13.5% in the first quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company’s stock worth $1,210,674,000 after buying an additional 7,206,495 shares during the period. Ceredex Value Advisors LLC raised its stake in shares of Blue Owl Capital by 167.1% in the first quarter. Ceredex Value Advisors LLC now owns 3,259,655 shares of the company’s stock worth $65,323,000 after buying an additional 2,039,355 shares during the period. Select Equity Group L.P. bought a new position in shares of Blue Owl Capital in the first quarter worth about $38,810,000. HMI Capital Management L.P. bought a new position in shares of Blue Owl Capital in the first quarter worth about $30,343,000. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Blue Owl Capital by 513.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,576,490 shares of the company’s stock worth $30,284,000 after buying an additional 1,319,350 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $16.10 on Tuesday. The stock has a market cap of $24.94 billion, a price-to-earnings ratio of 178.85, a price-to-earnings-growth ratio of 1.07 and a beta of 1.13. The stock has a 50 day moving average price of $18.18 and a 200-day moving average price of $18.57. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%.The company had revenue of $703.11 million during the quarter, compared to analysts’ expectations of $642.13 million. Sell-side analysts predict that Blue Owl Capital Inc. will post 0.92 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 Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a yield of 5.6%. Blue Owl Capital’s payout ratio is 1,000.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Piper Sandler decreased their price objective on Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday. Cowen reaffirmed a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th. BMO Capital Markets started coverage on Blue Owl Capital in a research note on Friday, October 3rd. They issued an “outperform” rating and a $18.00 price objective on the stock. Raymond James Financial started coverage on Blue Owl Capital in a research note on Monday, July 28th. They set a “market perform” rating on the stock. Finally, Barclays decreased 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. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average target price of $22.54.

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.