TrueMark Investments LLC Has $5.50 Million Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

TrueMark Investments LLC grew its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 49.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 236,402 shares of the company's stock after purchasing an additional 78,580 shares during the quarter. Blue Owl Capital comprises approximately 1.8% of TrueMark Investments LLC's investment portfolio, making the stock its 9th biggest position. TrueMark Investments LLC's holdings in Blue Owl Capital were worth $5,499,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Dudley Capital Management LLC bought a new stake in Blue Owl Capital in the 4th quarter valued at about $217,000. Partners Group Holding AG acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $18,169,000. Vanguard Group Inc. boosted its stake 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 valued at $1,237,581,000 after buying an additional 5,558,868 shares during the period. LPL Financial LLC grew its position in Blue Owl Capital by 30.2% during the fourth quarter. LPL Financial LLC now owns 114,824 shares of the company's stock worth $2,671,000 after buying an additional 26,611 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Blue Owl Capital during the 4th quarter worth $2,510,000. Institutional investors own 35.85% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on OWL. Piper Sandler increased their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, December 23rd. TD Cowen raised Blue Owl Capital from a "hold" rating to a "buy" rating and boosted their price target for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Barclays began coverage on Blue Owl Capital in a research report on Monday, February 24th. They issued an "overweight" rating and a $29.00 target price on the stock. JMP Securities reissued a "market outperform" rating and issued a $32.00 target price (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Finally, Wells Fargo & Company dropped their price target on shares of Blue Owl Capital from $24.00 to $22.00 and set an "equal weight" rating for the company in a research note on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $26.33.

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Blue Owl Capital Stock Performance

OWL stock traded down $0.22 during midday trading on Friday, reaching $20.19. 5,394,143 shares of the company's stock traded hands, compared to its average volume of 6,087,295. The firm has a market capitalization of $31.04 billion, a PE ratio of 118.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. The company has a 50-day moving average price of $22.46 and a two-hundred day moving average price of $22.35. Blue Owl Capital Inc. has a 52 week low of $15.18 and a 52 week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.21 EPS 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%. As a group, analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company 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. This represents a $0.72 annualized dividend and a yield of 3.57%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is presently 423.53%.

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.