Blue Owl Capital Inc. (NYSE:OWL) is Regents of The University of California’s 2nd Largest Position

Regents of The University of California decreased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 25.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,991,575 shares of the company’s stock after selling 1,997,192 shares during the quarter. Blue Owl Capital comprises approximately 43.2% of Regents of The University of California’s investment portfolio, making the stock its 2nd largest holding. Regents of The University of California’s holdings in Blue Owl Capital were worth $139,364,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OWL. Allworth Financial LP lifted its stake in 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 last quarter. Versant Capital Management Inc lifted its stake 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 buying an additional 1,110 shares during the last quarter. Principal Securities Inc. lifted 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 valued at $45,000 after buying an additional 450 shares during the last quarter. Blue Trust Inc. lifted its stake in 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 during the last quarter. Finally, Copeland Capital Management LLC purchased a new stake in Blue Owl Capital in the fourth quarter valued at approximately $103,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of OWL stock opened at $21.54 on Friday. The business’s fifty day moving average price is $23.79 and its 200 day moving average price is $21.93. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73. The firm has a market capitalization of $32.16 billion, a PE ratio of 126.68, a P/E/G ratio of 1.23 and a beta of 1.15.

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

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on OWL shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays began coverage on Blue Owl Capital in a report on Monday, February 24th. They issued an “overweight” rating and a $29.00 target price on the stock. Piper Sandler boosted their target price on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their target price for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Finally, JMP Securities reissued a “market outperform” rating and issued a $32.00 target price (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus price target 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.