Arizona State Retirement System Increases Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Posted by MarketBeat News on Aug 4th, 2022

Blue Owl Capital logo Arizona State Retirement System lifted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL – Get Rating) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,362 shares of the company’s stock after buying an additional 1,099 shares during the quarter. Arizona State Retirement System’s holdings in Blue Owl Capital were worth $563,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. First National Trust Co increased its holdings in Blue Owl Capital by 93.4% during the 1st quarter. First National Trust Co now owns 80,600 shares of the company’s stock worth $1,022,000 after purchasing an additional 38,934 shares during the last quarter. Roosevelt Investment Group LLC increased its holdings in Blue Owl Capital by 46.8% during the 1st quarter. Roosevelt Investment Group LLC now owns 31,352 shares of the company’s stock worth $398,000 after purchasing an additional 10,000 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in Blue Owl Capital by 26.1% during the 1st quarter. DAVENPORT & Co LLC now owns 22,700 shares of the company’s stock worth $288,000 after purchasing an additional 4,700 shares during the last quarter. SG Americas Securities LLC increased its holdings in Blue Owl Capital by 46.7% during the 1st quarter. SG Americas Securities LLC now owns 23,100 shares of the company’s stock worth $293,000 after purchasing an additional 7,355 shares during the last quarter. Finally, Dfpg Investments LLC increased its holdings in Blue Owl Capital by 23.1% during the 1st quarter. Dfpg Investments LLC now owns 18,112 shares of the company’s stock worth $253,000 after purchasing an additional 3,396 shares during the last quarter. 31.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Blue Owl Capital

In other news, major shareholder Blue Pool Capital Ltd sold 120,298 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $11.33, for a total value of $1,362,976.34. Following the completion of the transaction, the insider now owns 48,146,545 shares of the company’s stock, valued at $545,500,354.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 404,498 shares of company stock valued at $4,517,876. 31.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OWL. The Goldman Sachs Group dropped their price objective on Blue Owl Capital from $16.25 to $13.75 and set a “buy” rating on the stock in a report on Wednesday, June 29th. JMP Securities began coverage on Blue Owl Capital in a research report on Wednesday, June 8th. They issued an “outperform” rating and a $18.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on Blue Owl Capital in a research report on Thursday, July 7th. They issued a “neutral” rating and a $13.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.09.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $11.47 on Thursday. Blue Owl Capital Inc. has a 12-month low of $9.52 and a 12-month high of $17.89. The business has a 50 day simple moving average of $10.98 and a 200 day simple moving average of $11.94.

Blue Owl Capital (NYSE:OWL – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). Blue Owl Capital had a negative return on equity of 21.35% and a negative net margin of 43.10%. The business had revenue of $275.98 million during the quarter, compared to the consensus estimate of $290.30 million. On average, equities research analysts predict that Blue Owl Capital Inc. will post 0.52 EPS for the current year.

Blue Owl Capital Company Profile

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Blue Owl Capital Inc operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases.