Cresset Asset Management LLC Purchases 87,684 Shares of Blue Owl Capital Inc. $OWL

Key Points

• Cresset Asset Management LLC increased its holdings in Blue Owl Capital by 1.4%, owning over 6 million shares, which represents approximately 0.6% of its total portfolio.
• Blue Owl Capital reported $703.11 million in revenue for the last quarter, exceeding analyst estimates of $642.13 million, and achieved an EPS of $0.21.
• Recently, Blue Owl Capital announced a $0.225 quarterly dividend, which translates to an annual yield of 4.7%, despite having a dividend payout ratio of 1,000%.

Cresset Asset Management LLC boosted its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,140,749 shares of the company's stock after purchasing an additional 87,684 shares during the period. Blue Owl Capital comprises 0.6% of Cresset Asset Management LLC's holdings, making the stock its 29th largest position. Cresset Asset Management LLC owned approximately 0.40% of Blue Owl Capital worth $123,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Nations Financial Group Inc. IA ADV lifted its position in shares of Blue Owl Capital by 4.0% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 20,469 shares of the company's stock valued at $410,000 after buying an additional 784 shares during the last quarter. Sei Investments Co. lifted its position in shares of Blue Owl Capital by 0.8% during the 1st quarter. Sei Investments Co. now owns 211,592 shares of the company's stock valued at $4,240,000 after buying an additional 1,737 shares during the last quarter. Inspire Trust Co. N.A. lifted its position in shares of Blue Owl Capital by 13.1% during the 1st quarter. Inspire Trust Co. N.A. now owns 56,000 shares of the company's stock valued at $1,122,000 after buying an additional 6,500 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Blue Owl Capital by 35.1% during the 1st quarter. Russell Investments Group Ltd. now owns 42,512 shares of the company's stock valued at $852,000 after buying an additional 11,047 shares during the last quarter. Finally, AGF Management Ltd. lifted its position in shares of Blue Owl Capital by 3,372.5% during the 1st quarter. AGF Management Ltd. now owns 484,693 shares of the company's stock valued at $9,713,000 after buying an additional 470,735 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analyst Ratings Changes

OWL has been the topic of a number of recent research reports. Oppenheimer upped their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Keefe, Bruyette & Woods raised Blue Owl Capital from a "market perform" rating to an "outperform" rating and upped their price target for the company from $20.00 to $23.00 in a research report on Tuesday, May 20th. Cowen reaffirmed a "buy" rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Piper Sandler upped their price target on Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Finally, Barclays increased their price objective on Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.02.

Blue Owl Capital Price Performance

NYSE OWL traded down $0.2480 during trading on Wednesday, reaching $18.5820. The company's stock had a trading volume of 3,720,383 shares, compared to its average volume of 7,784,840. The stock has a market capitalization of $28.79 billion, a PE ratio of 206.49, a P/E/G ratio of 1.25 and a beta of 1.16. The firm has a fifty day moving average of $19.42 and a 200 day moving average of $19.64. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. The business had revenue of $703.11 million for the quarter, compared to analyst estimates of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. Research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, August 14th. Blue Owl Capital's dividend payout ratio is currently 1,000.00%.

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.