Blue Owl Capital Inc. (NYSE:OWL – Get Free Report) General Counsel Neena Reddy sold 40,292 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $10.40, for a total transaction of $419,036.80. Following the transaction, the general counsel owned 575,892 shares of the company’s stock, valued at $5,989,276.80. This trade represents a 6.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Blue Owl Capital Trading Down 0.7%
Shares of OWL opened at $9.82 on Friday. Blue Owl Capital Inc. has a twelve month low of $7.95 and a twelve month high of $17.00. The firm’s fifty day simple moving average is $9.93 and its 200-day simple moving average is $10.23. The firm has a market capitalization of $15.31 billion, a price-to-earnings ratio of 70.17, a PEG ratio of 1.10 and a beta of 1.31.
Blue Owl Capital (NYSE:OWL – Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $752.60 million during the quarter, compared to the consensus estimate of $698.10 million. Blue Owl Capital had a net margin of 3.08% and a return on equity of 24.70%. On average, analysts predict that Blue Owl Capital Inc. will post 0.89 earnings per share for the current fiscal year.
Blue Owl Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend is Tuesday, November 10th. Blue Owl Capital’s payout ratio is 657.14%.
Institutional Investors Weigh In On Blue Owl Capital
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Burk Holdings LLC acquired a new position in Blue Owl Capital in the second quarter valued at $27,000. Essential Partners LLC grew its holdings in shares of Blue Owl Capital by 739.7% during the first quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock worth $29,000 after purchasing an additional 2,833 shares during the last quarter. CX Institutional grew its holdings in shares of Blue Owl Capital by 881.5% during the second quarter. CX Institutional now owns 3,396 shares of the company’s stock worth $30,000 after purchasing an additional 3,050 shares during the last quarter. Center for Financial Planning Inc. increased its position in shares of Blue Owl Capital by 2,100.0% during the first quarter. Center for Financial Planning Inc. now owns 4,400 shares of the company’s stock worth $40,000 after purchasing an additional 4,200 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Blue Owl Capital by 118.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 4,577 shares of the company’s stock worth $40,000 after purchasing an additional 2,485 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
OWL has been the subject of several analyst reports. The Goldman Sachs Group upped their price objective on Blue Owl Capital from $9.50 to $10.50 and gave the stock a “neutral” rating in a research report on Monday, November 2nd. Barclays raised their target price on Blue Owl Capital from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, October 30th. Raymond James Financial restated a “strong-buy” rating and set a $15.00 target price on shares of Blue Owl Capital in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Blue Owl Capital in a report on Monday, September 14th. Finally, BMO Capital Markets lowered their price target on Blue Owl Capital from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.89.
View Our Latest Research Report on Blue Owl Capital
About Blue Owl Capital
Blue Owl Capital Inc is an alternative asset manager that provides private-market investment strategies and capital solutions to institutional and individual investors. Its businesses span private credit, GP strategic capital and real assets.
Through its credit platform, the company provides financing to businesses, including middle-market companies. Its GP strategic capital business invests in and provides financing to alternative asset managers, while its real assets platform focuses on areas such as real estate and infrastructure.
Blue Owl was formed in 2021 through the combination of Owl Rock Capital Group and Dyal Capital Partners.
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