New York State Teachers Retirement System Acquires Shares of 5,986 Blue Owl Capital Inc. (NYSE:OWL)

New York State Teachers Retirement System acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,986 shares of the company’s stock, valued at approximately $89,000.

A number of other hedge funds have also recently bought and sold shares of the company. Capital World Investors boosted its position in Blue Owl Capital by 3.4% in the 1st quarter. Capital World Investors now owns 40,767,463 shares of the company’s stock valued at $516,931,000 after buying an additional 1,349,425 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Blue Owl Capital by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company’s stock worth $520,983,000 after purchasing an additional 1,293,941 shares during the last quarter. Capital International Investors boosted its position in shares of Blue Owl Capital by 0.8% in the 1st quarter. Capital International Investors now owns 23,119,460 shares of the company’s stock worth $293,155,000 after purchasing an additional 183,098 shares during the last quarter. BlackRock Inc. boosted its position in shares of Blue Owl Capital by 1.4% in the 1st quarter. BlackRock Inc. now owns 15,301,223 shares of the company’s stock worth $169,538,000 after purchasing an additional 204,662 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Blue Owl Capital by 4.0% in the 2nd quarter. State Street Corp now owns 6,240,389 shares of the company’s stock worth $72,701,000 after purchasing an additional 238,961 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Price Performance

OWL opened at $18.28 on Friday. The business’s 50-day moving average price is $18.18 and its two-hundred day moving average price is $15.51. Blue Owl Capital Inc. has a 1 year low of $9.70 and a 1 year high of $19.87. The company has a market capitalization of $26.12 billion, a price-to-earnings ratio of 182.82, a P/E/G ratio of 1.19 and a beta of 1.27.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. Blue Owl Capital had a return on equity of 17.31% and a net margin of 3.14%. The firm had revenue of $494.04 million for the quarter, compared to the consensus estimate of $438.77 million. During the same quarter last year, the business posted $0.15 EPS. Sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.84 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 23rd were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Thursday, February 22nd. Blue Owl Capital’s dividend payout ratio is 560.06%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OWL. The Goldman Sachs Group raised their price target on Blue Owl Capital from $17.75 to $20.25 and gave the stock a “buy” rating in a research report on Monday, February 12th. TD Cowen began coverage on Blue Owl Capital in a research report on Thursday, January 4th. They issued an “outperform” rating and a $17.00 price target on the stock. JMP Securities restated a “market outperform” rating and issued a $24.00 price target on shares of Blue Owl Capital in a research report on Tuesday, April 9th. Evercore ISI raised their price objective on Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.48.

Insider Buying and Selling at Blue Owl Capital

In related news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of Blue Owl Capital stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $15.81, for a total value of $71,145,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 33.39% of the company’s stock.

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.