OMERS ADMINISTRATION Corp Buys New Position in Blue Owl Capital Inc. $OWL

OMERS ADMINISTRATION Corp purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,172,115 shares of the company’s stock, valued at approximately $34,481,000. OMERS ADMINISTRATION Corp owned approximately 0.20% of Blue Owl Capital at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Arax Advisory Partners bought a new position in Blue Owl Capital in the fourth quarter valued at $25,000. Toronto Dominion Bank bought a new stake in Blue Owl Capital during the fourth quarter worth about $26,000. Lavaca Capital LLC bought a new stake in Blue Owl Capital during the fourth quarter worth about $28,000. Burk Holdings LLC purchased a new position in shares of Blue Owl Capital in the 2nd quarter worth about $27,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter worth about $41,000. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 0.1%

NYSE OWL opened at $11.66 on Monday. The firm has a market cap of $18.18 billion, a PE ratio of 97.17, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. Blue Owl Capital Inc. has a 1-year low of $7.95 and a 1-year high of $19.29. The stock has a 50-day moving average of $10.07 and a 200-day moving average of $10.01.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) 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 business had revenue of $693.56 million for the quarter, compared to analyst estimates of $693.15 million. As a group, equities research analysts forecast that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital to a “hold” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. decreased their price target on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Barclays boosted their price objective on shares of Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Credit Suisse Group set a $9.10 price objective on shares of Blue Owl Capital in a research note on Thursday, July 2nd. One equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.44.

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.