Police & Firemen s Retirement System of New Jersey Has $1.79 Million Stake in Blue Owl Capital Inc. $OWL

Police & Firemen s Retirement System of New Jersey grew its position in Blue Owl Capital Inc. (NYSE:OWL) by 22.2% in the second quarter, HoldingsChannel.com reports. The fund owned 93,158 shares of the company’s stock after buying an additional 16,932 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Blue Owl Capital were worth $1,790,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Banque Transatlantique SA acquired a new stake in Blue Owl Capital during the 1st quarter valued at $31,000. SVB Wealth LLC bought a new stake in shares of Blue Owl Capital during the first quarter worth $38,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Blue Owl Capital by 58.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock valued at $50,000 after buying an additional 916 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of Blue Owl Capital in the first quarter valued at about $50,000. Finally, MorganRosel Wealth Management LLC acquired a new position in Blue Owl Capital during the 2nd quarter worth about $51,000. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Price Performance

OWL opened at $13.73 on Friday. The firm has a 50 day simple moving average of $16.42 and a 200 day simple moving average of $18.15. Blue Owl Capital Inc. has a fifty-two week low of $13.25 and a fifty-two week high of $26.73. The company has a market cap of $21.41 billion, a price-to-earnings ratio of 228.85, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. The business had revenue of $687.00 million for the quarter, compared to analyst estimates of $685.95 million. As a group, analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 10th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Monday, November 10th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 1,500.00%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Barclays decreased their price objective on shares of Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Raymond James Financial initiated coverage on shares of Blue Owl Capital in a research report on Monday, July 28th. They set a “market perform” rating on the stock. Oppenheimer set a $25.00 price target on shares of Blue Owl Capital and gave the company an “outperform” rating in a report on Friday, October 31st. Cowen restated a “buy” rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Finally, BMO Capital Markets initiated coverage on Blue Owl Capital in a research report on Friday, October 3rd. They issued an “outperform” rating and a $18.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

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.