3,172,115 Shares in Blue Owl Capital Inc. $OWL Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the 2nd quarter, HoldingsChannel reports. The firm purchased 3,172,115 shares of the company’s stock, valued at approximately $34,481,000.

Other hedge funds have also added to or reduced their stakes in the company. Capital World Investors lifted its position in shares of Blue Owl Capital by 5.9% in the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock worth $1,348,272,000 after purchasing an additional 5,029,134 shares during the period. Vanguard Group Inc. increased its position in shares of Blue Owl Capital by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock valued at $1,025,016,000 after buying an additional 691,980 shares during the period. Capital International Investors increased its position in shares of Blue Owl Capital by 4.3% during the fourth quarter. Capital International Investors now owns 65,402,615 shares of the company’s stock valued at $977,118,000 after buying an additional 2,676,281 shares during the period. Bank of America Corp DE raised its stake in Blue Owl Capital by 8.4% in the third quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock worth $382,008,000 after buying an additional 1,751,024 shares in the last quarter. Finally, Boston Partners raised its stake in Blue Owl Capital by 16.2% in the fourth quarter. Boston Partners now owns 14,123,877 shares of the company’s stock worth $211,270,000 after buying an additional 1,970,101 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group raised their price objective on shares of Blue Owl Capital from $9.50 to $10.50 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. TD Cowen reissued a “buy” rating on shares of Blue Owl Capital in a research report on Thursday, August 6th. Credit Suisse Group set a $9.10 target price on Blue Owl Capital in a research note on Thursday, July 2nd. Finally, UBS Group restated a “neutral” rating and set a $9.50 price target on shares of Blue Owl Capital in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.44.

Blue Owl Capital Stock Down 0.1%

Shares of OWL opened at $11.66 on Monday. The business’s 50 day moving average price is $10.07 and its 200-day moving average price is $10.01. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $19.29. The stock has a market cap of $18.18 billion, a P/E ratio of 97.17, a P/E/G ratio of 1.28 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%.The company had revenue of $693.56 million for the quarter, compared to the consensus estimate of $693.15 million. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.92 annualized dividend and a dividend yield of 7.9%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

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.