Teacher Retirement System of Texas Acquires Shares of 78,881 Blue Owl Capital Inc. (NYSE:OWL)

Teacher Retirement System of Texas purchased a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,881 shares of the company's stock, valued at approximately $1,581,000.

Other hedge funds have also recently made changes to their positions in the company. Rakuten Securities Inc. bought a new position in shares of Blue Owl Capital in the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB grew its holdings 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 purchasing an additional 1,050 shares during the last quarter. Jones Financial Companies Lllp grew its holdings 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 purchasing an additional 1,315 shares during the last quarter. State of Wyoming grew 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 worth $55,000 after purchasing an additional 503 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of 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 during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Down 3.4%

Shares of Blue Owl Capital stock traded down $0.66 during midday trading on Friday, hitting $18.94. The company had a trading volume of 6,196,861 shares, compared to its average volume of 6,926,935. The stock has a market cap of $29.13 billion, a price-to-earnings ratio of 145.70, a PEG ratio of 1.29 and a beta of 1.17. The company has a fifty day simple moving average of $18.96 and a 200 day simple moving average of $20.47. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73.

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 the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. The company had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. As a group, analysts expect 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. Investors of record on Wednesday, May 14th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend was Wednesday, May 14th. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio is 692.31%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OWL. JMP Securities dropped 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 report on Tuesday, April 8th. Cfra Research upgraded shares of Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Wells Fargo & Company increased their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Evercore ISI increased their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Citigroup decreased their price target on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.85.

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.