Blue Owl Capital Inc. $OWL Shares Acquired by Cresset Asset Management LLC

Cresset Asset Management LLC increased its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 1,345.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,379,485 shares of the company’s stock after purchasing an additional 1,284,021 shares during the quarter. Cresset Asset Management LLC’s holdings in Blue Owl Capital were worth $23,355,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OWL. Insigneo Advisory Services LLC raised its position in Blue Owl Capital by 2.7% during the second quarter. Insigneo Advisory Services LLC now owns 19,521 shares of the company’s stock worth $375,000 after acquiring an additional 516 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Blue Owl Capital by 7.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10,011 shares of the company’s stock worth $169,000 after purchasing an additional 685 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Blue Owl Capital by 5.6% during the 3rd quarter. Park Avenue Securities LLC now owns 13,149 shares of the company’s stock worth $223,000 after purchasing an additional 699 shares during the last quarter. Kaizen Financial Strategies raised its position in shares of Blue Owl Capital by 5.9% during the 2nd quarter. Kaizen Financial Strategies now owns 13,155 shares of the company’s stock worth $253,000 after purchasing an additional 730 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Blue Owl Capital by 20.3% in the 3rd quarter. Bessemer Group Inc. now owns 4,967 shares of the company’s stock valued at $84,000 after buying an additional 838 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on OWL shares. Barclays reissued an “equal weight” rating and set a $11.00 price target (down from $15.00) on shares of Blue Owl Capital in a research report on Monday. Evercore set a $14.00 price objective on Blue Owl Capital in a research report on Friday, February 6th. Oppenheimer reduced their target price on shares of Blue Owl Capital from $24.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday. UBS Group lowered their price target on shares of Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Finally, Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Blue Owl Capital Price Performance

NYSE OWL opened at $10.33 on Thursday. The company has a market cap of $16.06 billion, a P/E ratio of 103.31, a P/E/G ratio of 0.85 and a beta of 1.15. Blue Owl Capital Inc. has a 12 month low of $9.73 and a 12 month high of $21.88. The company has a 50-day moving average of $13.63 and a 200-day moving average of $15.56.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The firm had revenue of $701.47 million during the quarter, compared to the consensus estimate of $712.75 million. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. As a group, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend was Friday, February 20th. Blue Owl Capital’s dividend payout ratio (DPR) is 900.00%.

Blue Owl Capital Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.