Blue Owl Capital (NYSE:OWL) Insider Craig Packer Buys 110,227 Shares

Blue Owl Capital Inc. (NYSE:OWL) insider Craig Packer acquired 110,227 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, December 2nd. The shares were purchased at an average price of $15.06 per share, with a total value of $1,660,018.62. Following the transaction, the insider owned 94,000 shares of the company’s stock, valued at $1,415,640. The trade was a -679.28% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Craig Packer also recently made the following trade(s):

• On Monday, December 1st, Craig Packer bought 14,773 shares of Blue Owl Capital stock. The stock was purchased at an average cost of $15.06 per share, for a total transaction of $222,481.38.

Blue Owl Capital Stock Up 4.9%

Shares of Blue Owl Capital stock traded up $0.74 during trading hours on Wednesday, reaching $15.65. 15,520,526 shares of the stock traded hands, compared to its average volume of 9,278,720. Blue Owl Capital Inc. has a one year low of $13.25 and a one year high of $26.73. The firm has a market capitalization of $24.40 billion, a price-to-earnings ratio of 260.79, a P/E/G ratio of 1.13 and a beta of 1.13. The company has a 50 day moving average price of $15.77 and a 200 day moving average price of $17.90.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $687.00 million for 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%. Sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Monday, November 10th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 1,500.00%.

Analyst Ratings Changes

OWL has been the subject of a number of recent research reports. BMO Capital Markets began coverage on shares of Blue Owl Capital in a research report on Friday, October 3rd. They set an “outperform” rating and a $18.00 price objective for the company. Piper Sandler lowered their target price on Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Weiss Ratings restated a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, October 8th. The Goldman Sachs Group decreased their price objective 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. Finally, JPMorgan Chase & Co. boosted their price objective on Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.00.

Hedge Funds Weigh In On Blue Owl Capital

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