Hilton Capital Management LLC Has $3.42 Million Stake in Blue Owl Capital Inc. $OWL

Hilton Capital Management LLC decreased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 39.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 177,902 shares of the company’s stock after selling 116,459 shares during the quarter. Hilton Capital Management LLC’s holdings in Blue Owl Capital were worth $3,417,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Banque Transatlantique SA acquired a new stake in Blue Owl Capital during the first quarter worth about $31,000. SVB Wealth LLC acquired a new position in Blue Owl Capital in the 1st quarter valued at approximately $38,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Blue Owl Capital in the 1st quarter worth approximately $50,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Blue Owl Capital by 58.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock worth $50,000 after purchasing an additional 916 shares in the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new stake in shares of Blue Owl Capital during the 2nd quarter worth approximately $51,000. Institutional investors own 35.85% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on OWL. UBS Group began coverage on Blue Owl Capital in a research report on Thursday. They issued a “neutral” rating and a $18.00 target price for the company. Oppenheimer set a $25.00 target price on shares of Blue Owl Capital and gave the company an “outperform” rating in a research report on Friday, October 31st. BMO Capital Markets started coverage on shares of Blue Owl Capital in a research report on Friday, October 3rd. They issued an “outperform” rating and a $18.00 price target for the company. Raymond James Financial raised Blue Owl Capital from a “market perform” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Blue Owl Capital Trading Down 2.9%

NYSE OWL opened at $15.64 on Friday. Blue Owl Capital Inc. has a 1-year low of $13.25 and a 1-year high of $26.73. The company has a 50 day moving average of $15.64 and a 200-day moving average of $17.77. The firm has a market cap of $24.39 billion, a price-to-earnings ratio of 260.71, a PEG ratio of 1.38 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%.The business had revenue of $687.00 million for the quarter, compared to analyst estimates of $685.95 million. On average, analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 10th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, November 10th. Blue Owl Capital’s payout ratio is currently 1,500.00%.

Insider Activity at Blue Owl Capital

In related news, CEO Douglas I. Ostrover purchased 139,327 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were acquired at an average cost of $15.06 per share, with a total value of $2,098,264.62. Following the completion of the purchase, the chief executive officer directly owned 158,000 shares of the company’s stock, valued at $2,379,480. This trade represents a 746.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Alan Kirshenbaum purchased 33,670 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was bought at an average cost of $14.87 per share, with a total value of $500,672.90. Following the acquisition, the chief financial officer owned 33,670 shares of the company’s stock, valued at $500,672.90. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 395,670 shares of company stock worth $5,952,393 in the last quarter. Insiders own 27.20% of the company’s stock.

Blue Owl Capital Company 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.