Hilton Capital Management LLC Decreases Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Hilton Capital Management LLC cut its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,956 shares of the company's stock after selling 38,930 shares during the period. Hilton Capital Management LLC's holdings in Blue Owl Capital were worth $6,814,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OWL. FMR LLC raised its stake in Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company's stock valued at $683,874,000 after buying an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Blue Owl Capital by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock valued at $174,829,000 after buying an additional 1,372,865 shares in the last quarter. Geode Capital Management LLC increased its position 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 in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth about $23,513,000. Finally, HighTower Advisors LLC increased its position in shares of Blue Owl Capital by 29.1% during the third quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company's stock worth $69,690,000 after purchasing an additional 811,334 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on OWL. Keefe, Bruyette & Woods lifted their target price on 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 cut Blue Owl Capital from a "buy" rating to a "neutral" rating and cut their target price for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. Barclays began coverage on Blue Owl Capital in a research report on Monday, February 24th. They set an "overweight" rating and a $29.00 target price on the stock. Piper Sandler lifted 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. Finally, JMP Securities reiterated a "market outperform" rating and set a $32.00 target price (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 stock. According to data from MarketBeat, Blue Owl Capital has a consensus rating of "Moderate Buy" and a consensus target price of $26.48.

Blue Owl Capital Stock Performance

OWL traded down $0.03 during trading on Tuesday, reaching $19.85. The company's stock had a trading volume of 5,707,334 shares, compared to its average volume of 5,796,761. Blue Owl Capital Inc. has a 52-week low of $15.18 and a 52-week high of $26.73. The company's fifty day moving average price is $22.86 and its 200-day moving average price is $22.14. The company has a market capitalization of $30.52 billion, a price-to-earnings ratio of 116.75, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. Equities analysts predict 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. Shareholders of record on Wednesday, February 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is presently 423.53%.

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.