Craig Packer Acquires 14,773 Shares of Blue Owl Capital (NYSE:OWL) Stock

Blue Owl Capital Inc. (NYSE:OWL) insider Craig Packer purchased 14,773 shares of Blue Owl Capital stock in a transaction dated Monday, December 1st. The stock was bought at an average cost of $15.06 per share, with a total value of $222,481.38. Following the completion of the purchase, the insider owned 11,109 shares in the company, valued at approximately $167,301.54. This trade represents a -403.19% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, December 2nd, Craig Packer bought 110,227 shares of Blue Owl Capital stock. The shares were bought at an average cost of $15.06 per share, with a total value of $1,660,018.62.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded up $0.74 during mid-day trading on Wednesday, hitting $15.65. The company’s stock had a trading volume of 15,520,526 shares, compared to its average volume of 9,278,720. The company has a market cap of $24.40 billion, a PE ratio of 260.79, a price-to-earnings-growth ratio of 1.13 and a beta of 1.13. Blue Owl Capital Inc. has a 52-week low of $13.25 and a 52-week high of $26.73. The firm’s 50 day moving average is $15.77 and its 200 day moving average is $17.90.

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

Blue Owl Capital Announces Dividend

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

Institutional Investors Weigh In On Blue Owl Capital

Large investors have recently modified their holdings of the company. Swiss Life Asset Management Ltd lifted its position in shares of Blue Owl Capital by 72.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 26,687 shares of the company’s stock valued at $452,000 after acquiring an additional 11,182 shares during the period. JPMorgan Chase & Co. boosted its holdings in Blue Owl Capital by 16.8% during the third quarter. JPMorgan Chase & Co. now owns 11,572,226 shares of the company’s stock worth $195,920,000 after purchasing an additional 1,667,608 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Blue Owl Capital by 21.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 9,804,222 shares of the company’s stock valued at $165,985,000 after purchasing an additional 1,751,018 shares during the last quarter. Prana Capital Management LP raised its holdings in shares of Blue Owl Capital by 20.8% in the 3rd quarter. Prana Capital Management LP now owns 1,151,566 shares of the company’s stock worth $19,496,000 after purchasing an additional 198,427 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new stake in Blue Owl Capital during the third quarter valued at about $5,079,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OWL. JPMorgan Chase & Co. boosted their price objective on Blue Owl Capital from $21.50 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. 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 research note on Friday, October 31st. The Goldman Sachs Group dropped their target price on Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Evercore ISI dropped their price objective on Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Finally, Oppenheimer set a $25.00 price objective on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

About Blue Owl Capital

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.