State Board of Administration of Florida Retirement System Acquires Shares of 27,630 Blue Owl Capital Inc. (NYSE:OWL)

State Board of Administration of Florida Retirement System acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWLGet Rating) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,630 shares of the company’s stock, valued at approximately $277,000.

Several other institutional investors and hedge funds have also bought and sold shares of OWL. Quantbot Technologies LP bought a new position in Blue Owl Capital during the first quarter valued at $33,000. ACG Wealth bought a new position in shares of Blue Owl Capital in the second quarter worth $74,000. Steph & Co. boosted its holdings in shares of Blue Owl Capital by 82.7% in the second quarter. Steph & Co. now owns 8,797 shares of the company’s stock worth $88,000 after acquiring an additional 3,982 shares during the period. Wolverine Asset Management LLC boosted its holdings in shares of Blue Owl Capital by 12.3% in the first quarter. Wolverine Asset Management LLC now owns 10,025 shares of the company’s stock worth $127,000 after acquiring an additional 1,097 shares during the period. Finally, AJ Wealth Strategies LLC bought a new position in shares of Blue Owl Capital in the first quarter worth $128,000. 27.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Credit Suisse Group raised their price target on Blue Owl Capital from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Monday, November 7th. Deutsche Bank Aktiengesellschaft increased their price objective on Blue Owl Capital from $16.00 to $17.00 in a research report on Tuesday, November 8th. The Goldman Sachs Group increased their price objective on Blue Owl Capital from $13.75 to $15.25 and gave the stock a “buy” rating in a research report on Tuesday, November 8th. JMP Securities lowered their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 11th. Finally, Piper Sandler assumed coverage on Blue Owl Capital in a research report on Friday, October 14th. They issued an “overweight” rating and a $16.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.86.

Blue Owl Capital Price Performance

NYSE OWL opened at $11.87 on Tuesday. The stock’s 50-day simple moving average is $10.22 and its two-hundred day simple moving average is $10.93. Blue Owl Capital Inc. has a twelve month low of $8.06 and a twelve month high of $16.95. The company has a market capitalization of $16.56 billion, a price-to-earnings ratio of -296.75, a PEG ratio of 0.60 and a beta of 1.18.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Monday, November 21st will be given a dividend of $0.12 per share. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, November 18th. This represents a $0.48 dividend on an annualized basis and a yield of 4.04%. Blue Owl Capital’s dividend payout ratio (DPR) is presently -1,100.00%.

Insider Buying and Selling at Blue Owl Capital

In other news, major shareholder Blue Pool Capital Ltd sold 119,000 shares of Blue Owl Capital stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $12.15, for a total value of $1,445,850.00. Following the transaction, the insider now owns 43,396,043 shares in the company, valued at $527,261,922.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 31.19% of the company’s stock.

Blue Owl Capital 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.

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Institutional Ownership by Quarter for Blue Owl Capital (NYSE:OWL)

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