Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by TrueMark Investments LLC

TrueMark Investments LLC increased its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 118.4% in the 1st quarter, Holdings Channel reports. The fund owned 188,668 shares of the company’s stock after purchasing an additional 102,277 shares during the period. Blue Owl Capital makes up about 3.3% of TrueMark Investments LLC’s portfolio, making the stock its 4th biggest position. TrueMark Investments LLC’s holdings in Blue Owl Capital were worth $3,558,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Atlas Capital Advisors LLC acquired a new position in shares of Blue Owl Capital during the 1st quarter valued at about $311,000. Los Angeles Capital Management LLC bought a new position in shares of Blue Owl Capital during the 1st quarter worth about $20,620,000. PNC Financial Services Group Inc. raised its position in shares of Blue Owl Capital by 24.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 68,142 shares of the company’s stock valued at $1,015,000 after buying an additional 13,291 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Blue Owl Capital by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 40,480,663 shares of the company’s stock valued at $603,162,000 after buying an additional 281,324 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Blue Owl Capital by 22.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,819,431 shares of the company’s stock worth $27,110,000 after buying an additional 328,719 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on OWL shares. Piper Sandler raised their target price on Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. TD Cowen reduced their price objective on shares of Blue Owl Capital from $23.00 to $21.50 and set a “buy” rating for the company in a report on Friday, May 3rd. Evercore ISI upped their target price on shares of Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. UBS Group upgraded shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $22.00 in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $18.50 target price on shares of Blue Owl Capital in a report on Thursday, June 13th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.27.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL remained flat at $17.66 on Tuesday. 5,161,502 shares of the company’s stock traded hands, compared to its average volume of 5,130,378. The company has a market cap of $25.23 billion, a PE ratio of 147.17, a price-to-earnings-growth ratio of 1.07 and a beta of 1.20. The stock’s fifty day moving average is $18.25 and its 200 day moving average is $17.22. Blue Owl Capital Inc. has a 12-month low of $10.64 and a 12-month high of $19.87.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $486.55 million during the quarter, compared to analysts’ expectations of $478.47 million. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.82 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were issued a dividend of $0.18 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 4.08%. The ex-dividend date was Monday, May 20th. Blue Owl Capital’s dividend payout ratio is 600.00%.

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.