OMERS ADMINISTRATION Corp Purchases 169,800 Shares of Blue Owl Capital Inc. $OWL

OMERS ADMINISTRATION Corp grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 33.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 673,100 shares of the company’s stock after purchasing an additional 169,800 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Blue Owl Capital were worth $10,056,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of OWL. Norges Bank bought a new position in shares of Blue Owl Capital during the 4th quarter valued at about $140,643,000. William Blair Investment Management LLC bought a new position in shares of Blue Owl Capital during the 4th quarter valued at about $113,782,000. Boston Partners increased its position in shares of Blue Owl Capital by 121.9% during the 3rd quarter. Boston Partners now owns 12,153,776 shares of the company’s stock valued at $205,493,000 after purchasing an additional 6,677,610 shares during the last quarter. Capital World Investors increased its position in shares of Blue Owl Capital by 5.9% during the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock valued at $1,348,272,000 after purchasing an additional 5,029,134 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Blue Owl Capital by 7.9% during the 3rd quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock valued at $1,149,833,000 after purchasing an additional 4,968,526 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

NYSE OWL opened at $9.63 on Tuesday. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $21.08. The stock has a 50 day simple moving average of $9.61 and a two-hundred day simple moving average of $11.84. The stock has a market cap of $14.96 billion, a P/E ratio of 80.22, a price-to-earnings-growth ratio of 1.02 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The business had revenue of $699.88 million during the quarter, compared to analysts’ expectations of $687.23 million. Sell-side analysts predict that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a $0.23 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, May 13th. This represents a $0.92 annualized dividend and a yield of 9.6%. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. The Goldman Sachs Group reduced their price objective on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Raymond James Financial restated a “strong-buy” rating on shares of Blue Owl Capital in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft cut Blue Owl Capital from a “buy” rating to a “hold” rating and dropped their target price for the company from $15.00 to $10.00 in a report on Tuesday, February 24th. Oppenheimer dropped their target price on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Finally, Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.04.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.