New York State Common Retirement Fund Boosts Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

New York State Common Retirement Fund grew its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 303,044 shares of the company's stock after purchasing an additional 17,000 shares during the period. New York State Common Retirement Fund's holdings in Blue Owl Capital were worth $6,073,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its position in Blue Owl Capital by 380.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock valued at $27,000 after buying an additional 1,050 shares during the period. Allworth Financial LP raised its stake in shares of Blue Owl Capital by 70.5% during the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock valued at $45,000 after acquiring an additional 998 shares in the last quarter. State of Wyoming boosted its holdings in shares of Blue Owl Capital by 27.1% in the fourth quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after purchasing an additional 503 shares during the period. Parallel Advisors LLC grew its stake in Blue Owl Capital by 21.9% in the first quarter. Parallel Advisors LLC now owns 6,468 shares of the company's stock worth $130,000 after purchasing an additional 1,161 shares in the last quarter. Finally, GeoWealth Management LLC increased its holdings in Blue Owl Capital by 572.7% during the 4th quarter. GeoWealth Management LLC now owns 5,886 shares of the company's stock worth $137,000 after purchasing an additional 5,011 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Trading Down 0.9%

OWL opened at $20.62 on Monday. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The firm has a market capitalization of $31.71 billion, a PE ratio of 158.63, a PEG ratio of 1.41 and a beta of 1.17. The firm's 50-day moving average price is $19.13 and its 200 day moving average price is $20.33.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The company had revenue of $620.19 million for the quarter, compared to analysts' expectations of $636.44 million. Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. As a group, analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal 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 paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.36%. The ex-dividend date was Wednesday, May 14th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio is 692.31%.

Analysts Set New Price Targets

OWL has been the topic of a number of research reports. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Oppenheimer increased their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Evercore ISI lifted their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Barclays upped their target price on Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Citigroup dropped their target price on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.02.

About Blue Owl Capital

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.

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