Strs Ohio Invests $1.09 Million in Blue Owl Capital Inc. (NYSE:OWL)

Strs Ohio acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 72,908 shares of the company's stock, valued at approximately $1,086,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina lifted its position in Blue Owl Capital by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 196,246 shares of the company's stock valued at $2,543,000 after purchasing an additional 990 shares during the period. Salem Investment Counselors Inc. increased its holdings in Blue Owl Capital by 58.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company's stock valued at $47,000 after buying an additional 1,159 shares during the last quarter. Signaturefd LLC increased its holdings in Blue Owl Capital by 25.9% during the third quarter. Signaturefd LLC now owns 5,893 shares of the company's stock valued at $76,000 after buying an additional 1,214 shares during the last quarter. Arizona State Retirement System increased its holdings in Blue Owl Capital by 1.4% during the third quarter. Arizona State Retirement System now owns 101,563 shares of the company's stock valued at $1,316,000 after buying an additional 1,445 shares during the last quarter. Finally, Capital Insight Partners LLC increased its holdings in Blue Owl Capital by 10.8% during the third quarter. Capital Insight Partners LLC now owns 20,086 shares of the company's stock valued at $260,000 after buying an additional 1,956 shares during the last quarter. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Trading Up 0.4 %

OWL traded up $0.08 during trading on Wednesday, hitting $18.78. 3,030,853 shares of the company traded hands, compared to its average volume of 4,381,949. The company has a market cap of $26.83 billion, a PE ratio of 187.82, a P/E/G ratio of 1.19 and a beta of 1.27. The stock's 50-day simple moving average is $18.23 and its two-hundred day simple moving average is $15.64. Blue Owl Capital Inc. has a 1 year low of $9.70 and a 1 year high of $19.87.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. The company had revenue of $494.04 million during the quarter, compared to analysts' expectations of $438.77 million. During the same period last year, the company posted $0.15 earnings per share. Equities analysts expect that Blue Owl Capital Inc. will post 0.84 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 23rd were issued a $0.14 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.56 annualized dividend and a dividend yield of 2.98%. Blue Owl Capital's dividend payout ratio (DPR) is presently 560.06%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OWL. UBS Group raised shares of Blue Owl Capital from a "neutral" rating to a "buy" rating and upped their target price for the company from $18.00 to $22.00 in a report on Tuesday, April 2nd. The Goldman Sachs Group upped their target price on shares of Blue Owl Capital from $17.75 to $20.25 and gave the company a "buy" rating in a report on Monday, February 12th. Evercore ISI upped their target price on shares of Blue Owl Capital from $18.00 to $22.00 and gave the company an "outperform" rating in a report on Thursday, April 4th. TD Cowen initiated coverage on shares of Blue Owl Capital in a research note on Thursday, January 4th. They issued an "outperform" rating and a $17.00 price objective for the company. Finally, JMP Securities reissued a "market outperform" rating and issued a $24.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.48.

Insider Activity at Blue Owl Capital

In related news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of Blue Owl Capital stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $15.81, for a total transaction of $71,145,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 33.39% of the stock is currently owned by company insiders.

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.