Blue Owl Capital (NYSE:OWL) CEO Purchases $140,615.22 in Stock

Blue Owl Capital Inc. (NYSE:OWL) CEO Marc Lipschultz acquired 9,337 shares of the stock in a transaction on Monday, December 1st. The stock was bought at an average price of $15.06 per share, with a total value of $140,615.22. Following the transaction, the chief executive officer directly owned 9,337 shares of the company’s stock, valued at approximately $140,615.22. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $16.22 on Friday. Blue Owl Capital Inc. has a 52-week low of $13.25 and a 52-week high of $26.73. The company’s 50 day moving average price is $15.68 and its 200-day moving average price is $17.85. The stock has a market capitalization of $25.30 billion, a price-to-earnings ratio of 270.38, a P/E/G ratio of 1.21 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $687.00 million during the quarter, compared to analysts’ expectations of $685.95 million. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. As a group, equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Monday, November 10th. Blue Owl Capital’s dividend payout ratio is currently 1,500.00%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BMO Capital Markets initiated coverage on Blue Owl Capital in a report on Friday, October 3rd. They set an “outperform” rating and a $18.00 price target on the stock. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, October 21st. The Goldman Sachs Group reduced their target price on Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Barclays decreased their target price on Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OWL. Parkside Financial Bank & Trust grew its stake in Blue Owl Capital by 117.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after purchasing an additional 867 shares during the period. Banque Transatlantique SA purchased a new position in Blue Owl Capital during the first quarter valued at $31,000. SVB Wealth LLC purchased a new position in Blue Owl Capital during the first quarter valued at $38,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Blue Owl Capital during the 1st quarter valued at $50,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Blue Owl Capital by 58.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock worth $50,000 after buying an additional 916 shares during the period. Hedge funds and other institutional investors own 35.85% 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.