HighTower Advisors LLC lifted its holdings in Blue Owl Capital Inc. (NYSE:OWL – Free Report) by 35.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,487,840 shares of the company’s stock after buying an additional 647,815 shares during the period. HighTower Advisors LLC owned approximately 0.18% of Blue Owl Capital worth $32,242,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Blue Owl Capital by 7,735.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,366,944 shares of the company’s stock worth $53,830,000 after purchasing an additional 5,298,444 shares during the period. Kim LLC bought a new stake in shares of Blue Owl Capital in the 2nd quarter worth approximately $55,927,000. Cat Rock Capital Management LP bought a new stake in Blue Owl Capital during the 2nd quarter valued at $52,586,000. Oregon Public Employees Retirement Fund bought a new stake in Blue Owl Capital during the 3rd quarter valued at $51,840,000. Finally, State Street Corp raised its holdings in Blue Owl Capital by 212.9% during the 2nd quarter. State Street Corp now owns 5,110,788 shares of the company’s stock valued at $51,261,000 after acquiring an additional 3,477,322 shares during the period. Hedge funds and other institutional investors own 29.11% of the company’s stock.
Wall Street Analysts Forecast Growth
OWL has been the topic of a number of analyst reports. Evercore ISI boosted their target price on shares of Blue Owl Capital from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Monday, December 4th. Piper Sandler reaffirmed an “overweight” rating and issued a $18.00 price target on shares of Blue Owl Capital in a report on Wednesday, December 20th. UBS Group reiterated a “neutral” rating and issued a $14.00 target price (down from $15.00) on shares of Blue Owl Capital in a research report on Friday, October 20th. Finally, TD Cowen started coverage on shares of Blue Owl Capital in a research report on Thursday, January 4th. They issued an “outperform” rating and a $17.00 target price for the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.88.
In related news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $15.81, for a total value of $71,145,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 33.39% of the company’s stock.
Blue Owl Capital Stock Up 6.6 %
Shares of NYSE OWL opened at $17.47 on Friday. Blue Owl Capital Inc. has a twelve month low of $9.70 and a twelve month high of $18.33. The company has a 50 day moving average of $14.90 and a 200 day moving average of $13.37. The firm has a market cap of $24.61 billion, a P/E ratio of 249.57, a PEG ratio of 0.98 and a beta of 1.22.
About Blue Owl Capital
Blue Owl Capital Inc operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases.
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