Public Employees Retirement System of Ohio Grows Stock Holdings in Blue Owl Capital Inc. $OWL

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in Blue Owl Capital Inc. by 17.3%, owning a total of 189,397 shares worth approximately $3.6 million.
• Blue Owl Capital recently announced a quarterly dividend of $0.225 per share, representing a yield of 5.3% and an annualized dividend payout of $0.90.
• In its latest earnings report, Blue Owl Capital reported an EPS of $0.21 and revenue of $703.11 million, exceeding consensus estimates.

Public Employees Retirement System of Ohio boosted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 17.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 189,397 shares of the company's stock after purchasing an additional 27,995 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Blue Owl Capital were worth $3,638,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in Blue Owl Capital by 9.5% during the first quarter. Bank of New York Mellon Corp now owns 2,655,834 shares of the company's stock valued at $53,223,000 after purchasing an additional 229,745 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Blue Owl Capital by 13.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,471 shares of the company's stock valued at $230,000 after purchasing an additional 1,357 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Blue Owl Capital by 16.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,400 shares of the company's stock valued at $1,358,000 after purchasing an additional 9,522 shares in the last quarter. Townsend Asset Management Corp NC ADV raised its stake in shares of Blue Owl Capital by 8.6% in the first quarter. Townsend Asset Management Corp NC ADV now owns 287,731 shares of the company's stock valued at $5,766,000 after acquiring an additional 22,778 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Blue Owl Capital in the first quarter valued at $1,581,000. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Price Performance

OWL stock opened at $16.94 on Wednesday. The company has a market capitalization of $26.24 billion, a PE ratio of 188.19, a P/E/G ratio of 1.15 and a beta of 1.16. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The firm's 50-day moving average is $18.83 and its 200 day moving average is $18.87.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. The company had revenue of $703.11 million for the quarter, compared to the consensus estimate of $642.13 million. Sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.3%. The ex-dividend date was Thursday, August 14th. Blue Owl Capital's dividend payout ratio is presently 1,000.00%.

Wall Street Analyst Weigh In

OWL has been the topic of several recent analyst reports. Barclays increased their target price on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Raymond James Financial initiated coverage on shares of Blue Owl Capital in a research note on Monday, July 28th. They issued a "market perform" rating on the stock. Evercore ISI increased their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Piper Sandler increased their target price on shares of Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Finally, Oppenheimer increased their target price 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. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.02.

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.

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