188,655 Shares in Blue Owl Capital Inc. $OWL Acquired by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 188,655 shares of Blue Owl Capital, valued at approximately $1.65 million, during the second quarter. Other institutions also initiated positions, with institutional investors collectively owning 35.85% of the company.
• Blue Owl reported quarterly earnings of $0.22 per share and revenue of $693.56 million, broadly matching analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $13.57.
• The company paid a quarterly dividend of $0.23 per share, equivalent to an annualized $0.92 payout and a 7.8% yield, although its dividend payout ratio was elevated at 766.67%.

Public Employees Retirement System of Ohio purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 188,655 shares of the company's stock, valued at approximately $1,651,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Corient Private Wealth LP bought a new stake in shares of Blue Owl Capital during the 2nd quarter worth $13,520,000. Magnolia Capital Advisors LLC acquired a new stake in shares of Blue Owl Capital during the second quarter worth $702,000. Hsbc Holdings PLC purchased a new stake in shares of Blue Owl Capital during the second quarter valued at $895,000. Ancora Advisors LLC purchased a new stake in shares of Blue Owl Capital during the second quarter valued at $408,000. Finally, Legal & General Group Plc acquired a new position in shares of Blue Owl Capital in the 2nd quarter valued at $5,836,000. Institutional investors and hedge funds own 35.85% of the company's stock.

Blue Owl Capital Price Performance

NYSE:OWL opened at $11.77 on Tuesday. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $19.29. The stock's 50-day moving average is $10.67 and its two-hundred day moving average is $9.97. The stock has a market cap of $18.35 billion, a PE ratio of 98.09, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. The company had revenue of $693.56 million for the quarter, compared to the consensus estimate of $693.15 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 7.8%. The ex-dividend date was Thursday, August 13th. Blue Owl Capital's dividend payout ratio is currently 766.67%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. BMO Capital Markets lifted their price target on Blue Owl Capital from $11.00 to $12.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Barclays upped their price objective on shares of Blue Owl Capital from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st. Oppenheimer lifted their target price on shares of Blue Owl Capital from $15.00 to $17.00 and gave the stock an "outperform" rating in a research report on Thursday, August 27th. Capital One Financial set a $12.00 price target on shares of Blue Owl Capital in a report on Monday, August 3rd. Finally, TD Cowen restated a "buy" rating on shares of Blue Owl Capital in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.57.

Blue Owl Capital Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.

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