Harvest Fund Management Co. Ltd Purchases 12,834 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Harvest Fund Management Co. Ltd raised its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 963.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,166 shares of the company’s stock after buying an additional 12,834 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Blue Owl Capital were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its holdings in Blue Owl Capital by 1.6% during the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock valued at $593,000 after buying an additional 413 shares in the last quarter. Dynasty Wealth Management LLC grew its holdings in Blue Owl Capital by 0.5% during the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company’s stock valued at $1,828,000 after buying an additional 417 shares in the last quarter. Allworth Financial LP grew its holdings in Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after buying an additional 428 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Blue Owl Capital by 1.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock valued at $622,000 after buying an additional 443 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after buying an additional 450 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Up 0.2 %

OWL opened at $20.69 on Friday. The stock’s 50-day moving average price is $22.67 and its 200 day moving average price is $22.15. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The firm has a market cap of $31.81 billion, a price-to-earnings ratio of 121.68, a PEG ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, research analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.48%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.53%.

Analysts Set New Price Targets

OWL has been the subject of a number of recent research reports. Barclays initiated coverage on shares of Blue Owl Capital in a report on Monday, February 24th. They issued an “overweight” rating and a $29.00 target price for the company. Evercore ISI raised 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. Piper Sandler raised their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Citigroup reissued a “buy” rating and issued a $30.00 target price on shares of Blue Owl Capital in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.