Harvest Fund Management Co. Ltd Has $330,000 Position in Blue Owl Capital Inc. (NYSE:OWL)

Harvest Fund Management Co. Ltd grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 963.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,166 shares of the company's stock after acquiring 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 SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. bought a new stake in Blue Owl Capital in the 4th quarter valued at about $27,000. Allworth Financial LP raised its holdings in shares of Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after buying an additional 428 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after buying an additional 1,315 shares during the period. Versant Capital Management Inc grew its holdings in Blue Owl Capital by 136.2% in the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock worth $45,000 after buying an additional 1,110 shares in the last quarter. Finally, Principal Securities Inc. increased its position in Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after acquiring an additional 450 shares during the period. Institutional investors and hedge funds own 35.85% of the company's stock.

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Blue Owl Capital Trading Down 2.8 %

Shares of OWL traded down $0.60 during midday trading on Wednesday, hitting $21.05. The stock had a trading volume of 5,607,477 shares, compared to its average volume of 7,101,380. Blue Owl Capital Inc. has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The business has a 50-day simple moving average of $22.64 and a two-hundred day simple moving average of $22.30. The firm has a market cap of $32.37 billion, a P/E ratio of 123.83, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data 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 net margin of 4.77% and a return on equity of 20.82%. On average, analysts expect 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 declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.42%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's payout ratio is 423.53%.

Analyst Ratings Changes

OWL has been the subject of a number of analyst reports. Oppenheimer boosted their price target on Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Barclays initiated coverage on shares of Blue Owl Capital in a research report on Monday, February 24th. They issued an "overweight" rating and a $29.00 target price for the company. Keefe, Bruyette & Woods boosted their price target on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a research report on Friday, December 20th. The Goldman Sachs Group lowered shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Finally, TD Cowen upgraded shares of Blue Owl Capital from a "hold" rating to a "buy" rating and raised their price objective for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $26.33.

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.