Elo Mutual Pension Insurance Co Buys New Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Elo Mutual Pension Insurance Co purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 16,947 shares of the company’s stock, valued at approximately $394,000.

A number of other institutional investors have also added to or reduced their stakes in OWL. Artisan Partners Limited Partnership purchased a new position in shares of Blue Owl Capital in the fourth quarter worth $6,148,000. TrueMark Investments LLC lifted its stake in Blue Owl Capital by 49.8% in the 4th quarter. TrueMark Investments LLC now owns 236,402 shares of the company’s stock worth $5,499,000 after purchasing an additional 78,580 shares in the last quarter. Dudley Capital Management LLC purchased a new stake in Blue Owl Capital in the 4th quarter worth $217,000. Partners Group Holding AG purchased a new position in shares of Blue Owl Capital during the fourth quarter valued at about $18,169,000. Finally, Vanguard Group Inc. increased its holdings in shares of Blue Owl Capital by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock worth $1,237,581,000 after purchasing an additional 5,558,868 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on OWL shares. The Goldman Sachs Group lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Piper Sandler increased their target price on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Oppenheimer raised their target price 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. Citigroup reaffirmed a “buy” rating and set a $30.00 price target on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Finally, Barclays initiated coverage on shares of Blue Owl Capital in a research report on Monday, February 24th. They set an “overweight” rating and a $29.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $20.19 on Monday. The firm has a market capitalization of $31.04 billion, a P/E ratio of 118.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73. The company’s 50-day moving average is $22.46 and its 200 day moving average is $22.38.

Blue Owl Capital (NYSE:OWL) last issued its quarterly 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%. Research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were given 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 dividend yield of 3.57%. Blue Owl Capital’s dividend payout ratio (DPR) is 423.53%.

Blue Owl Capital 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.