California Public Employees Retirement System Grows Holdings in Blue Owl Capital Inc. $OWL

California Public Employees Retirement System grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 16.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,015,629 shares of the company’s stock after purchasing an additional 140,451 shares during the period. California Public Employees Retirement System’s holdings in Blue Owl Capital were worth $9,273,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of OWL. Arax Advisory Partners purchased a new stake in Blue Owl Capital in the 4th quarter worth approximately $25,000. Toronto Dominion Bank acquired a new position in shares of Blue Owl Capital during the fourth quarter worth $26,000. Lavaca Capital LLC purchased a new position in shares of Blue Owl Capital in the fourth quarter valued at $28,000. Halbert Hargrove Global Advisors LLC grew its holdings in Blue Owl Capital by 83.5% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 910 shares in the last quarter. Finally, Center for Financial Planning Inc. increased its position in shares of Blue Owl Capital by 2,100.0% during the first quarter. Center for Financial Planning Inc. now owns 4,400 shares of the company’s stock worth $40,000 after acquiring an additional 4,200 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Ratings Changes

OWL has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. JPMorgan Chase & Co. lowered their target price on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Credit Suisse Group set a $9.10 price objective on shares of Blue Owl Capital in a report on Thursday, July 2nd. Oppenheimer cut their price objective on shares of Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Finally, Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.16.

Blue Owl Capital Trading Up 2.7%

Shares of Blue Owl Capital stock opened at $9.46 on Friday. The stock has a 50-day moving average price of $9.49 and a 200 day moving average price of $10.59. The company has a market cap of $14.70 billion, a P/E ratio of 78.80, a P/E/G ratio of 1.02 and a beta of 1.22. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $20.58.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $699.88 million during the quarter, compared to analyst estimates of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. On average, equities analysts forecast that Blue Owl Capital Inc. will post 0.87 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend was Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

Blue Owl Capital 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.