State of New Jersey Common Pension Fund D Has $4.37 Million Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

State of New Jersey Common Pension Fund D raised its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 15.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 188,031 shares of the company's stock after acquiring an additional 25,444 shares during the period. State of New Jersey Common Pension Fund D's holdings in Blue Owl Capital were worth $4,374,000 as of its most recent SEC filing.

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

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock traded down $1.02 during trading on Friday, hitting $22.08. 6,746,336 shares of the company were exchanged, compared to its average volume of 5,206,568. The firm has a market capitalization of $32.97 billion, a P/E ratio of 129.87, a price-to-earnings-growth ratio of 1.23 and a beta of 1.15. The firm's fifty day moving average price is $24.01 and its 200 day moving average price is $21.76. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Wednesday, February 19th. Blue Owl Capital's payout ratio is presently 423.55%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OWL shares. The Goldman Sachs Group cut shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $25.00 to $24.75 in a research report on Monday, January 6th. JMP Securities restated a "market outperform" rating and issued a $32.00 price objective (up previously from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Evercore ISI increased their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. TD Cowen upgraded Blue Owl Capital from a "hold" rating to a "buy" rating and boosted their target price for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Finally, Oppenheimer raised their price target on Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.27.

Blue Owl Capital Company Profile

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.