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

OMERS ADMINISTRATION Corp lifted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 33.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm 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.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OWL. Norges Bank bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $140,643,000. William Blair Investment Management LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $113,782,000. Boston Partners raised its stake 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 period. Capital World Investors raised its stake 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 period. Finally, Vanguard Group Inc. raised its stake 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 period. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Down 0.6%

Blue Owl Capital stock opened at $9.63 on Tuesday. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $21.08. The business has a 50-day simple moving average of $9.61 and a 200 day simple moving average of $11.84. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 80.22, a PEG ratio of 1.02 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, April 30th. The company reported $0.19 EPS 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. On average, research analysts anticipate that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.23 per share. This is a boost 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 dividend yield of 9.6%. Blue Owl Capital’s dividend payout ratio is currently 766.67%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on OWL. Deutsche Bank Aktiengesellschaft lowered Blue Owl Capital from a “buy” rating to a “hold” rating and decreased their price objective for the company from $15.00 to $10.00 in a research note on Tuesday, February 24th. TD Cowen reiterated a “buy” rating and set a $14.00 price objective on shares of Blue Owl Capital in a research note on Monday, May 18th. Piper Sandler reduced their target price on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Oppenheimer reduced their target price on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Finally, BMO Capital Markets reduced their target price on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.04.

About Blue Owl Capital

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.