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

Blue Owl Capital Inc. (NYSE:OWL) insider Craig Packer acquired 14,773 shares of the stock in a transaction dated Monday, December 1st. The shares were bought at an average price of $15.06 per share, with a total value of $222,481.38. Following the completion of the transaction, the insider directly owned 11,109 shares of the company’s stock, valued at $167,301.54. The trade was a -403.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, December 2nd, Craig Packer purchased 110,227 shares of Blue Owl Capital stock. The stock was acquired at an average cost of $15.06 per share, for a total transaction of $1,660,018.62.

Blue Owl Capital Stock Up 4.9%

Shares of NYSE OWL opened at $15.65 on Thursday. The firm has a market cap of $24.40 billion, a PE ratio of 260.79, a P/E/G ratio of 1.12 and a beta of 1.13. The company’s fifty day simple moving average is $15.74 and its 200 day simple moving average is $17.88. Blue Owl Capital Inc. has a 12-month low of $13.25 and a 12-month high of $26.73.

Blue Owl Capital (NYSE:OWL) last issued its 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 for the quarter, compared to analyst estimates of $685.95 million. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

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

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors have recently made changes to their positions in OWL. Avantax Advisory Services Inc. bought a new stake in shares of Blue Owl Capital in the first quarter worth approximately $226,000. Cetera Investment Advisers raised its holdings in Blue Owl Capital by 82.1% in the 1st quarter. Cetera Investment Advisers now owns 80,612 shares of the company’s stock worth $1,615,000 after purchasing an additional 36,352 shares during the period. US Bancorp DE lifted its position in shares of Blue Owl Capital by 11.4% during the 1st quarter. US Bancorp DE now owns 14,187 shares of the company’s stock valued at $284,000 after buying an additional 1,456 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Blue Owl Capital during the first quarter valued at approximately $728,000. Finally, Commerce Bank lifted its stake in shares of Blue Owl Capital by 4.2% during the 1st quarter. Commerce Bank now owns 128,861 shares of the company’s stock valued at $2,582,000 after buying an additional 5,214 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Evercore ISI cut their price target on Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. BMO Capital Markets started 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 target for the company. Oppenheimer set a $25.00 target price on shares of Blue Owl Capital and gave the company an “outperform” rating in a research note on Friday, October 31st. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blue Owl Capital in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price 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.