Blue Owl Capital Inc. (OWL) To Go Ex-Dividend on February 20th

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) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Friday, February 20th.

Blue Owl Capital has a payout ratio of 85.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research 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 Price Performance

OWL opened at $12.08 on Wednesday. The firm has a fifty day moving average price of $14.69 and a 200 day moving average price of $16.20. Blue Owl Capital has a 1 year low of $10.88 and a 1 year high of $24.28. The stock has a market cap of $18.84 billion, a P/E ratio of 120.81, a P/E/G ratio of 0.98 and a beta of 1.11.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company 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 2.75% and a return on equity of 20.70%. Equities analysts expect that Blue Owl Capital will post 0.92 EPS for the current year.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, CEO Douglas I. Ostrover acquired 139,327 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was bought at an average price of $15.06 per share, with a total value of $2,098,264.62. Following the purchase, the chief executive officer owned 158,000 shares in the company, valued at approximately $2,379,480. The trade was a 746.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Alan Kirshenbaum acquired 33,670 shares of the business’s stock in a transaction on Monday, December 1st. The stock was acquired at an average price of $14.87 per share, with a total value of $500,672.90. Following the acquisition, the chief financial officer owned 33,670 shares in the company, valued at $500,672.90. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 395,670 shares of company stock valued at $5,952,393. Insiders own 27.44% of the company’s stock.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cobalt Capital Management Inc. purchased a new position in Blue Owl Capital during the fourth quarter worth about $10,459,000. Boothbay Fund Management LLC purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at approximately $263,000. Ardsley Advisory Partners LP acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $4,856,000. AQR Capital Management LLC grew its position in Blue Owl Capital by 1,383.8% in the fourth quarter. AQR Capital Management LLC now owns 1,180,743 shares of the company’s stock worth $17,640,000 after acquiring an additional 1,101,168 shares during the period. Finally, Cetera Investment Advisers increased its stake in Blue Owl Capital by 7.8% during the fourth quarter. Cetera Investment Advisers now owns 120,713 shares of the company’s stock worth $1,803,000 after acquiring an additional 8,760 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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.