First National Trust Co Increases Stake in Blue Owl Capital Inc. $OWL

First National Trust Co boosted its stake in Blue Owl Capital Inc. (NYSE:OWL) by 25.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 320,048 shares of the company’s stock after buying an additional 64,506 shares during the period. First National Trust Co’s holdings in Blue Owl Capital were worth $5,418,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in shares of Blue Owl Capital by 117.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after acquiring an additional 867 shares in the last quarter. Activest Wealth Management bought a new stake in shares of Blue Owl Capital during the third quarter valued at approximately $50,000. MorganRosel Wealth Management LLC purchased a new stake in Blue Owl Capital in the second quarter worth $51,000. Headlands Technologies LLC bought a new position in Blue Owl Capital in the second quarter worth $51,000. Finally, Creative Financial Designs Inc. ADV lifted its position in Blue Owl Capital by 6,504.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 3,236 shares of the company’s stock valued at $62,000 after buying an additional 3,187 shares during the period. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $12.64 on Tuesday. Blue Owl Capital Inc. has a one year low of $10.88 and a one year high of $24.28. The stock has a market capitalization of $19.71 billion, a PE ratio of 126.41, a price-to-earnings-growth ratio of 1.09 and a beta of 1.11. The business’s fifty day moving average is $15.11 and its 200 day moving average is $16.50.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, February 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $701.47 million during the quarter, compared to analyst estimates of $712.75 million. Blue Owl Capital had a return on equity of 20.70% and a net margin of 2.75%. As a group, sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 20th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, February 20th. Blue Owl Capital’s dividend payout ratio is presently 900.00%.

Insider Transactions at Blue Owl Capital

In other news, insider Craig Packer bought 110,227 shares of the stock in a transaction on Tuesday, December 2nd. The shares were bought at an average price of $15.06 per share, with a total value of $1,660,018.62. Following the completion of the acquisition, the insider owned 94,000 shares in the company, valued at $1,415,640. The trade was a -679.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas I. Ostrover purchased 139,327 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were purchased at an average price of $15.06 per share, with a total value of $2,098,264.62. Following the completion of the purchase, the chief executive officer owned 158,000 shares in the company, valued at approximately $2,379,480. This trade represents a 746.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 395,670 shares of company stock valued at $5,952,393. Corporate insiders own 27.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on OWL shares. UBS Group dropped their price objective on shares of Blue Owl Capital from $18.00 to $16.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Piper Sandler lowered their target price on shares of Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Friday. Evercore set a $14.00 price target on Blue Owl Capital in a research report on Friday. TD Cowen reaffirmed a “buy” rating on shares of Blue Owl Capital in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. lifted 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. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus target price of $19.22.

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.