Blue Owl Capital Inc. (NYSE:OWL) to Issue Quarterly Dividend of $0.23

Blue Owl Capital Inc. (NYSE:OWL) declared a quarterly dividend on Thursday, February 5th. Stockholders of record on Friday, February 20th will be given a dividend of 0.225 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Friday, February 20th.

Blue Owl Capital has a dividend payout ratio of 85.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Blue Owl Capital to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 79.6%.

Blue Owl Capital Stock Performance

NYSE:OWL traded down $0.47 during mid-day trading on Thursday, hitting $11.60. The company had a trading volume of 68,433,983 shares, compared to its average volume of 19,030,811. The firm has a market cap of $18.08 billion, a P/E ratio of 193.28, a P/E/G ratio of 1.03 and a beta of 1.11. The business’s fifty day moving average is $15.27 and its two-hundred day moving average is $16.69. Blue Owl Capital has a fifty-two week low of $10.88 and a fifty-two week high of $25.89.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $701.47 million during the quarter, compared to analysts’ expectations of $712.75 million. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. Equities analysts forecast that Blue Owl Capital will post 0.92 earnings per share for the current year.

Insider Activity

In other news, insider Craig Packer purchased 110,227 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, December 2nd. The shares were acquired at an average price of $15.06 per share, for a total transaction of $1,660,018.62. Following the transaction, the insider owned 94,000 shares of the company’s stock, valued at approximately $1,415,640. The trade was a -679.28% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Douglas I. Ostrover bought 139,327 shares of Blue Owl Capital stock in a transaction on Tuesday, December 2nd. The stock was acquired at an average cost of $15.06 per share, for a total transaction of $2,098,264.62. Following the acquisition, the chief executive officer owned 158,000 shares in the company, valued at approximately $2,379,480. This represents a 746.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 395,670 shares of company stock worth $5,952,393. Insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds have recently modified their holdings of the company. Chicago Partners Investment Group LLC raised its holdings in shares of Blue Owl Capital by 8.1% during the second quarter. Chicago Partners Investment Group LLC now owns 601,768 shares of the company’s stock valued at $12,288,000 after purchasing an additional 45,261 shares during the period. Truist Financial Corp lifted its holdings in shares of Blue Owl Capital by 7.8% in the third quarter. Truist Financial Corp now owns 1,062,214 shares of the company’s stock valued at $17,983,000 after purchasing an additional 76,942 shares in the last quarter. TrueMark Investments LLC bought a new position in Blue Owl Capital during the 3rd quarter valued at $6,874,000. Vaughan Nelson Investment Management L.P. lifted its position in shares of Blue Owl Capital by 85.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,915,985 shares of the company’s stock valued at $49,368,000 after purchasing an additional 1,339,495 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Blue Owl Capital by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 954,764 shares of the company’s stock worth $18,341,000 after buying an additional 36,784 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

About Blue Owl Capital

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.