Kentucky Retirement Systems Buys New Shares in Blue Owl Capital Inc. (NYSE:OWL)

Kentucky Retirement Systems bought a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 35,780 shares of the company's stock, valued at approximately $717,000.

Several other large investors also recently added to or reduced their stakes in OWL. Rakuten Securities Inc. acquired a new stake in Blue Owl Capital during the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Blue Owl Capital by 380.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after acquiring an additional 1,050 shares during the last quarter. Allworth Financial LP increased its stake in shares of Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after acquiring an additional 428 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after acquiring an additional 1,315 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after acquiring an additional 450 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on OWL shares. Oppenheimer set a $24.00 price target on shares of Blue Owl Capital and gave the stock an "outperform" rating in a research note on Wednesday, April 16th. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. UBS Group decreased their price objective on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. Finally, JMP Securities lowered their target price on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.81.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL traded up $0.28 during midday trading on Friday, hitting $19.47. The company's stock had a trading volume of 14,785,710 shares, compared to its average volume of 6,860,959. The stock has a market capitalization of $29.93 billion, a price-to-earnings ratio of 149.74, a PEG ratio of 1.31 and a beta of 1.18. The stock's 50 day simple moving average is $18.70 and its 200 day simple moving average is $20.76. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. As a group, analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a $0.225 dividend. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend was Wednesday, May 14th. Blue Owl Capital's dividend payout ratio (DPR) is currently 692.31%.

Blue Owl Capital Company 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.