OMERS ADMINISTRATION Corp Purchases 110,100 Shares of Blue Owl Capital Inc. $OWL

OMERS ADMINISTRATION Corp grew its position in Blue Owl Capital Inc. (NYSE:OWL) by 16.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 783,200 shares of the company’s stock after acquiring an additional 110,100 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Blue Owl Capital were worth $7,151,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of OWL. Hsbc Holdings PLC raised its position in Blue Owl Capital by 129.4% in the 4th quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock valued at $3,590,000 after purchasing an additional 135,184 shares during the last quarter. Verity & Verity LLC boosted its stake in Blue Owl Capital by 45.2% in the fourth quarter. Verity & Verity LLC now owns 1,036,594 shares of the company’s stock worth $15,487,000 after purchasing an additional 322,530 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Blue Owl Capital by 258.8% during the first quarter. Wealthfront Advisers LLC now owns 288,826 shares of the company’s stock worth $2,637,000 after purchasing an additional 208,331 shares during the last quarter. Diversify Wealth Management LLC grew its holdings in shares of Blue Owl Capital by 86.3% during the first quarter. Diversify Wealth Management LLC now owns 456,458 shares of the company’s stock worth $4,053,000 after purchasing an additional 211,419 shares during the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab increased its stake in shares of Blue Owl Capital by 7.8% in the fourth quarter. Danica Pension Livsforsikringsaktieselskab now owns 4,149,597 shares of the company’s stock valued at $61,995,000 after buying an additional 300,000 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 0.1%

NYSE OWL opened at $9.46 on Monday. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $20.58. The stock has a 50-day simple moving average of $9.49 and a 200 day simple moving average of $10.56. The company has a market capitalization of $14.70 billion, a PE ratio of 78.80, a P/E/G ratio of 1.02 and a beta of 1.22.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $699.88 million for the quarter, compared to analysts’ expectations of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a 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 payout ratio is 766.67%.

Analyst Ratings Changes

A number of research analysts recently issued reports on OWL shares. Piper Sandler cut their price target on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital to a “hold” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. dropped their target price on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. UBS Group reiterated a “neutral” rating and set a $9.50 target price on shares of Blue Owl Capital in a research report on Thursday, June 11th. Finally, Capital One Financial set a $11.00 price target on shares of Blue Owl Capital in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average target price of $13.16.

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.