TrueMark Investments LLC Grows Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

TrueMark Investments LLC increased its stake in Blue Owl Capital Inc. (NYSE:OWL) by 49.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,402 shares of the company’s stock after purchasing an additional 78,580 shares during the period. Blue Owl Capital accounts for 1.8% of TrueMark Investments LLC’s portfolio, making the stock its 9th largest holding. TrueMark Investments LLC’s holdings in Blue Owl Capital were worth $5,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Dudley Capital Management LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter worth $217,000. Partners Group Holding AG bought a new stake in Blue Owl Capital during the 4th quarter worth about $18,169,000. Vanguard Group Inc. boosted its stake in shares of Blue Owl Capital by 11.7% in the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock valued at $1,237,581,000 after purchasing an additional 5,558,868 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Blue Owl Capital by 30.2% in the 4th quarter. LPL Financial LLC now owns 114,824 shares of the company’s stock valued at $2,671,000 after purchasing an additional 26,611 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Blue Owl Capital during the fourth quarter worth approximately $2,510,000. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Trading Up 0.5 %

OWL opened at $21.66 on Wednesday. The stock has a market capitalization of $33.31 billion, a P/E ratio of 127.42, a P/E/G 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 firm’s fifty day simple moving average is $22.64 and its 200 day simple moving average is $22.30.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, equities research analysts predict that Blue Owl Capital Inc. will post 0.92 EPS 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 given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.53%.

Wall Street Analyst Weigh In

A number of research firms have commented on OWL. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Evercore ISI upped their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 17th. The Goldman Sachs Group cut Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Barclays began coverage on Blue Owl Capital in a research note on Monday, February 24th. They issued an “overweight” rating and a $29.00 price target for the company. Finally, Oppenheimer boosted their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.33.

Blue Owl Capital Company Profile

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.