HighTower Advisors LLC Has $61.10 Million Position in Blue Owl Capital Inc. $OWL

Key Points

• HighTower Advisors LLC reduced its stake in Blue Owl Capital Inc. by 15.9%, selling 575,554 shares and holding a total of 3,048,760 shares valued at approximately $61.1 million.
• Blue Owl Capital recently announced a quarterly dividend of $0.225 per share, resulting in an annualized dividend of $0.90 with a yield of 4.5%.
• The stock's consensus rating is a "Moderate Buy" from analysts, with a target price of $24.02.

HighTower Advisors LLC cut its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 15.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,048,760 shares of the company's stock after selling 575,554 shares during the period. HighTower Advisors LLC owned 0.20% of Blue Owl Capital worth $61,097,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of OWL. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Blue Owl Capital by 380.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock valued at $27,000 after purchasing an additional 1,050 shares during the period. Cullen Frost Bankers Inc. raised its holdings in shares of Blue Owl Capital by 39.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after purchasing an additional 583 shares during the period. Allworth Financial LP raised its holdings in shares of Blue Owl Capital by 70.5% in the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company's stock valued at $45,000 after purchasing an additional 998 shares during the period. State of Wyoming raised its holdings in shares of Blue Owl Capital by 27.1% in the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after purchasing an additional 503 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of Blue Owl Capital by 205.6% in the 1st quarter. Larson Financial Group LLC now owns 3,022 shares of the company's stock valued at $61,000 after purchasing an additional 2,033 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OWL. UBS Group dropped their target price on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Cowen reaffirmed a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. Wells Fargo & Company increased their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Piper Sandler increased their price target on shares of Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Finally, Oppenheimer increased their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.02.

Blue Owl Capital Stock Up 0.1%

Shares of OWL traded up $0.03 during midday trading on Monday, hitting $19.07. The company's stock had a trading volume of 2,059,430 shares, compared to its average volume of 7,807,421. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The company's fifty day simple moving average is $19.43 and its two-hundred day simple moving average is $19.69. The stock has a market capitalization of $29.54 billion, a price-to-earnings ratio of 211.86, a price-to-earnings-growth ratio of 1.25 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted 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 firm had revenue of $703.11 million for the quarter, compared to analysts' expectations of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. On average, research analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business 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 dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, August 14th. Blue Owl Capital's payout ratio is presently 1,000.00%.

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.