TrueMark Investments LLC Buys 78,580 Shares of Blue Owl Capital Inc. (NYSE:OWL)

TrueMark Investments LLC raised its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 49.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 236,402 shares of the company’s stock after buying an additional 78,580 shares during the period. Blue Owl Capital comprises approximately 1.8% of TrueMark Investments LLC’s investment portfolio, making the stock its 9th biggest holding. TrueMark Investments LLC’s holdings in Blue Owl Capital were worth $5,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Blue Owl Capital by 0.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock valued at $1,851,000 after purchasing an additional 575 shares in the last quarter. Raymond James Trust N.A. grew its holdings in Blue Owl Capital by 9.9% in the third quarter. Raymond James Trust N.A. now owns 12,332 shares of the company’s stock worth $239,000 after purchasing an additional 1,115 shares during the period. Cerity Partners LLC raised its position in shares of Blue Owl Capital by 3.2% during the third quarter. Cerity Partners LLC now owns 190,455 shares of the company’s stock worth $3,687,000 after purchasing an additional 5,874 shares during the period. Algert Global LLC lifted its position in Blue Owl Capital by 95.6% in the 3rd quarter. Algert Global LLC now owns 82,539 shares of the company’s stock valued at $1,598,000 after acquiring an additional 40,340 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Blue Owl Capital by 14.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 114,277 shares of the company’s stock worth $2,212,000 after acquiring an additional 14,411 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 0.5 %

Blue Owl Capital stock opened at $21.66 on Wednesday. The stock has a market cap of $33.31 billion, a P/E ratio of 127.42, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The company has a fifty day simple moving average of $22.64 and a 200-day simple moving average of $22.30.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting 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, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.32%. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on OWL shares. The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Keefe, Bruyette & Woods boosted their price target on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Barclays began coverage on Blue Owl Capital in a report on Monday, February 24th. They issued an “overweight” rating and a $29.00 price objective for the company. Evercore ISI boosted their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $32.00 price target (up previously from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average price target of $26.33.

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.