HighTower Advisors LLC Boosts Stake in Blue Owl Capital Inc. (NYSE:OWL)

HighTower Advisors LLC lifted its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,624,314 shares of the company's stock after acquiring an additional 24,462 shares during the quarter. HighTower Advisors LLC owned 0.24% of Blue Owl Capital worth $84,302,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Global Retirement Partners LLC lifted its stake in Blue Owl Capital by 1.6% in the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock valued at $593,000 after buying an additional 413 shares in the last quarter. Dynasty Wealth Management LLC lifted its stake in Blue Owl Capital by 0.5% in the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock valued at $1,828,000 after buying an additional 417 shares in the last quarter. Allworth Financial LP lifted its stake in Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after buying an additional 428 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in Blue Owl Capital by 1.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company's stock valued at $622,000 after buying an additional 443 shares in the last quarter. Finally, Principal Securities Inc. lifted its stake 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 buying an additional 450 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE OWL opened at $18.99 on Thursday. The company has a 50 day simple moving average of $23.13 and a 200-day simple moving average of $22.07. The company has a market capitalization of $29.20 billion, a P/E ratio of 111.69, a P/E/G 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.

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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, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.79%. Blue Owl Capital's dividend payout ratio (DPR) is presently 423.53%.

Analyst Upgrades and Downgrades

OWL has been the topic of a number of research reports. The Goldman Sachs Group lowered shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and decreased their price target for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Citigroup reaffirmed a "buy" rating and issued a $30.00 price target on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Wells Fargo & Company decreased their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. TD Cowen raised shares of Blue Owl Capital from a "hold" rating to a "buy" rating and raised their target price for the stock from $26.00 to $28.00 in a research note on Thursday, January 16th. Finally, JMP Securities reissued a "market outperform" rating and issued a $32.00 target price (up from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Blue Owl Capital has an average rating of "Moderate Buy" and an average price target of $26.48.

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.

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