Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by Harvest Fund Management Co. Ltd

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

A number of other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in Blue Owl Capital during the 4th quarter valued at approximately $27,000. Allworth Financial LP increased its position in shares of 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 purchasing an additional 428 shares during the period. Jones Financial Companies Lllp increased its position in shares of Blue Owl Capital by 232.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock valued at $44,000 after purchasing an additional 1,315 shares during the period. Versant Capital Management Inc increased its position in shares of Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after purchasing an additional 1,110 shares during the period. Finally, Principal Securities Inc. increased its position in shares of 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 purchasing an additional 450 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $20.69 on Friday. The business’s 50-day simple moving average is $22.67 and its 200-day simple moving average is $22.15. The firm has a market capitalization of $31.81 billion, a PE ratio of 121.68, a PEG ratio of 1.23 and a beta of 1.19. 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) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.48%. Blue Owl Capital’s payout ratio is presently 423.53%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Piper Sandler raised their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Evercore ISI lifted their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Barclays assumed coverage on 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. Finally, JMP Securities reissued a “market outperform” rating and set a $32.00 price objective (up previously from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus 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.