Blue Owl Capital Inc. $OWL Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in Blue Owl Capital Inc. (NYSE:OWL) by 70.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 79,782 shares of the company’s stock after selling 186,541 shares during the period. Thrivent Financial for Lutherans’ holdings in Blue Owl Capital were worth $1,351,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of OWL. Chicago Partners Investment Group LLC lifted its holdings in shares of Blue Owl Capital by 8.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 601,768 shares of the company’s stock worth $12,288,000 after purchasing an additional 45,261 shares during the last quarter. Truist Financial Corp grew its stake in Blue Owl Capital by 7.8% during the 3rd quarter. Truist Financial Corp now owns 1,062,214 shares of the company’s stock worth $17,983,000 after buying an additional 76,942 shares during the last quarter. TrueMark Investments LLC acquired a new stake in Blue Owl Capital in the third quarter worth $6,874,000. Vaughan Nelson Investment Management L.P. lifted its stake in Blue Owl Capital by 85.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,915,985 shares of the company’s stock valued at $49,368,000 after buying an additional 1,339,495 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Blue Owl Capital by 4.0% during the second quarter. Envestnet Asset Management Inc. now owns 954,764 shares of the company’s stock valued at $18,341,000 after acquiring an additional 36,784 shares during the period. Institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in 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 report on Tuesday, January 13th. Oppenheimer decreased their target price on shares of Blue Owl Capital from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Barclays dropped their price target 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. Zacks Research downgraded Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, TD Cowen reissued a “buy” rating on shares of Blue Owl Capital in a report on Wednesday, January 14th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.22.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, insider Craig Packer bought 110,227 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were acquired at an average cost of $15.06 per share, for a total transaction of $1,660,018.62. Following the acquisition, the insider directly owned 94,000 shares of the company’s stock, valued at $1,415,640. This trade represents a -679.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Marc S. Lipschultz bought 69,663 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were acquired at an average cost of $15.06 per share, with a total value of $1,049,124.78. Following the completion of the purchase, the chief executive officer owned 79,000 shares of the company’s stock, valued at approximately $1,189,740. The trade was a 746.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 395,670 shares of company stock worth $5,952,393. Corporate insiders own 27.20% of the company’s stock.

Blue Owl Capital Trading Down 1.5%

Shares of NYSE:OWL opened at $12.31 on Friday. The company has a 50 day moving average of $14.86 and a 200-day moving average of $16.34. The firm has a market cap of $19.19 billion, a P/E ratio of 123.08, a P/E/G ratio of 1.00 and a beta of 1.11. Blue Owl Capital Inc. has a twelve month low of $10.88 and a twelve month high of $24.28.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $712.75 million. Equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 20th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, February 20th. Blue Owl Capital’s payout ratio is currently 900.00%.

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.