Blue Owl Capital Inc. $OWL Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its stake in Blue Owl Capital Inc. (NYSE:OWL) by 185.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,956 shares of the company’s stock after purchasing an additional 88,935 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Blue Owl Capital were worth $2,319,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OWL. Parkside Financial Bank & Trust raised its position in shares of Blue Owl Capital by 117.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after buying an additional 867 shares in the last quarter. Activest Wealth Management bought a new stake in Blue Owl Capital during the third quarter worth approximately $50,000. MorganRosel Wealth Management LLC bought a new stake in Blue Owl Capital during the second quarter worth approximately $51,000. Headlands Technologies LLC bought a new position in Blue Owl Capital during the 2nd quarter valued at $51,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in Blue Owl Capital by 6,504.1% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,236 shares of the company’s stock valued at $62,000 after purchasing an additional 3,187 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

OWL has been the subject of several research analyst reports. TD Cowen restated a “buy” rating on shares of Blue Owl Capital in a report on Wednesday, January 14th. Oppenheimer cut their price target on shares of Blue Owl Capital from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Evercore ISI set a $14.00 price objective on shares of Blue Owl Capital in a research report on Friday, February 6th. Barclays lowered their price objective on shares of Blue Owl Capital from $18.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.22.

Blue Owl Capital Trading Down 1.0%

NYSE OWL opened at $12.48 on Friday. Blue Owl Capital Inc. has a 1 year low of $10.88 and a 1 year high of $24.28. The company has a market cap of $19.46 billion, a PE ratio of 124.81, a PEG ratio of 1.01 and a beta of 1.11. The stock’s 50-day moving average price is $14.93 and its two-hundred day moving average price is $16.39.

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

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 20th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, February 20th. Blue Owl Capital’s payout ratio is 900.00%.

Insiders Place Their Bets

In other Blue Owl Capital news, insider Craig Packer acquired 110,227 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $15.06 per share, with a total value of $1,660,018.62. Following the purchase, the insider owned 94,000 shares in the company, valued at approximately $1,415,640. The trade was a -679.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Alan Kirshenbaum bought 33,670 shares of the stock in a transaction on Monday, December 1st. The shares were acquired at an average cost of $14.87 per share, for a total transaction of $500,672.90. Following the purchase, the chief financial officer owned 33,670 shares in the company, valued at approximately $500,672.90. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 395,670 shares of company stock worth $5,952,393 over the last three months. Company insiders own 27.20% of the company’s stock.

Blue Owl Capital Profile

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.