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

Blue Owl Capital Inc. (NYSE:OWL) insider Craig Packer bought 14,773 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were bought at an average price of $15.06 per share, for a total transaction of $222,481.38. Following the acquisition, the insider directly owned 11,109 shares of the company’s stock, valued at $167,301.54. This represents a -403.19% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 shares were bought at an average cost of $15.06 per share, for a total transaction of $1,660,018.62.

Blue Owl Capital Stock Up 2.5%

Shares of Blue Owl Capital stock opened at $16.05 on Friday. The stock has a market cap of $25.03 billion, a P/E ratio of 267.54, a P/E/G ratio of 1.18 and a beta of 1.13. Blue Owl Capital Inc. has a 12-month low of $13.25 and a 12-month high of $26.73. The business’s 50 day moving average is $15.71 and its 200-day moving average is $17.87.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. The business had revenue of $687.00 million during the quarter, compared to analysts’ expectations of $685.95 million. On average, sell-side analysts expect 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. Stockholders of record on Monday, November 10th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, November 10th. Blue Owl Capital’s dividend payout ratio is presently 1,500.00%.

Institutional Trading of Blue Owl Capital

Several institutional investors have recently added to or reduced their stakes in OWL. Avantax Advisory Services Inc. bought a new position in Blue Owl Capital during the 1st quarter worth $226,000. Cetera Investment Advisers grew its stake in shares of Blue Owl Capital by 82.1% in the first quarter. Cetera Investment Advisers now owns 80,612 shares of the company’s stock valued at $1,615,000 after acquiring an additional 36,352 shares in the last quarter. US Bancorp DE grew its stake in shares of Blue Owl Capital by 11.4% in the first quarter. US Bancorp DE now owns 14,187 shares of the company’s stock valued at $284,000 after acquiring an additional 1,456 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Blue Owl Capital during the first quarter worth about $728,000. Finally, Commerce Bank raised its stake in Blue Owl Capital by 4.2% in the 1st quarter. Commerce Bank now owns 128,861 shares of the company’s stock worth $2,582,000 after purchasing an additional 5,214 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OWL has been the subject of a number of research analyst reports. BMO Capital Markets assumed coverage on Blue Owl Capital in a report on Friday, October 3rd. They set an “outperform” rating and a $18.00 price target for the company. Barclays cut their price objective on Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Oppenheimer set a $25.00 target price on Blue Owl Capital and gave the stock an “outperform” rating in a report on Friday, October 31st. Evercore ISI dropped their price target 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, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Blue Owl Capital presently has an average 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.