Meketa Capital LLC Invests $1.63 Million in Blue Owl Capital Inc. (NYSE:OWL)

Meketa Capital LLC purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 70,133 shares of the company's stock, valued at approximately $1,631,000. Blue Owl Capital makes up about 3.7% of Meketa Capital LLC's investment portfolio, making the stock its 10th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Rothschild Investment LLC raised its holdings in shares of Blue Owl Capital by 316.1% during the fourth quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock worth $790,000 after acquiring an additional 25,795 shares during the period. Arizona State Retirement System raised its holdings in shares of Blue Owl Capital by 14.7% during the fourth quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock worth $3,599,000 after acquiring an additional 19,810 shares during the period. Princeton Global Asset Management LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth $1,773,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Blue Owl Capital by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock worth $80,179,000 after acquiring an additional 106,485 shares during the period. Finally, Scholtz & Company LLC raised its holdings in shares of Blue Owl Capital by 13.0% during the fourth quarter. Scholtz & Company LLC now owns 153,615 shares of the company's stock worth $3,573,000 after acquiring an additional 17,685 shares during the period. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $19.62 on Tuesday. The company has a market capitalization of $30.16 billion, a price-to-earnings ratio of 115.39, a PEG ratio of 1.23 and a beta of 1.21. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The company has a 50-day simple moving average of $18.65 and a 200 day simple moving average of $21.79.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The business had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.59%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's payout ratio is currently 692.31%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on OWL shares. Citigroup lowered their price target on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Barclays lowered their price target on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. UBS Group lowered their price target on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Oppenheimer set a $24.00 price objective on shares of Blue Owl Capital and gave the company an "outperform" rating in a research report on Wednesday, April 16th. Finally, Evercore ISI lifted 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 report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $23.56.

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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