Elo Mutual Pension Insurance Co Invests $394,000 in Blue Owl Capital Inc. (NYSE:OWL)

Elo Mutual Pension Insurance Co acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,947 shares of the company's stock, valued at approximately $394,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Blue Owl Capital by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after buying an additional 5,558,868 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock worth $174,829,000 after acquiring an additional 1,372,865 shares during the period. Geode Capital Management LLC increased its stake in shares of Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company's stock worth $157,870,000 after purchasing an additional 1,016,505 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Blue Owl Capital during the 4th quarter worth approximately $23,513,000. Finally, HighTower Advisors LLC boosted its stake in Blue Owl Capital by 29.1% in the 3rd quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company's stock valued at $69,690,000 after purchasing an additional 811,334 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of OWL traded down $2.52 during trading hours on Thursday, reaching $18.64. The stock had a trading volume of 6,712,725 shares, compared to its average volume of 6,103,865. The stock has a market capitalization of $28.67 billion, a PE ratio of 109.65, a PEG 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's 50-day moving average is $22.20 and its two-hundred day moving average is $22.42.

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Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share 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%. Equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal 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 issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's payout ratio is presently 423.53%.

Analysts Set New Price Targets

OWL has been the topic of several research reports. Citigroup restated a "buy" rating and issued a $30.00 price target on shares of Blue Owl Capital in a research note on Thursday, January 23rd. The Goldman Sachs Group cut Blue Owl Capital from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $25.00 to $24.75 in a report on Monday, January 6th. Evercore ISI increased their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. TD Cowen raised Blue Owl Capital from a "hold" rating to a "buy" rating and boosted their price target for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Finally, Oppenheimer increased their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Blue Owl Capital 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.