32,391 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 32,391 shares of the company’s stock, valued at approximately $753,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP increased its stake in shares of Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after buying an additional 428 shares during the period. Versant Capital Management Inc boosted its holdings in Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after acquiring an additional 1,110 shares during the last quarter. Principal Securities Inc. increased its position in Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after purchasing an additional 450 shares during the period. Blue Trust Inc. raised its holdings in Blue Owl Capital by 182.2% during the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock worth $47,000 after purchasing an additional 1,310 shares during the last quarter. Finally, Copeland Capital Management LLC acquired a new position in shares of Blue Owl Capital in the 4th quarter worth approximately $103,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Down 3.4 %

NYSE OWL opened at $20.80 on Tuesday. Blue Owl Capital Inc. has a 52 week low of $15.18 and a 52 week high of $26.73. The business has a 50 day moving average price of $23.73 and a 200-day moving average price of $22.01. The company has a market cap of $31.99 billion, a price-to-earnings ratio of 122.36, a P/E/G ratio of 1.23 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.46%. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Evercore ISI lifted their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. JMP Securities restated a “market outperform” rating and set a $32.00 target price (up previously from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Piper Sandler raised their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Finally, The Goldman Sachs Group lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price of $26.48.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.