Blue Owl Capital Inc. (NYSE:OWL) Major Shareholder Blue Pool Capital Ltd Sells 202,018 Shares

Blue Owl Capital Inc. (NYSE:OWLGet Rating) major shareholder Blue Pool Capital Ltd sold 202,018 shares of Blue Owl Capital stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $11.49, for a total transaction of $2,321,186.82. Following the completion of the sale, the insider now owns 47,770,043 shares in the company, valued at approximately $548,877,794.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Blue Pool Capital Ltd also recently made the following trade(s):

  • On Monday, August 1st, Blue Pool Capital Ltd sold 120,298 shares of Blue Owl Capital stock. The shares were sold at an average price of $11.33, for a total transaction of $1,362,976.34.
  • On Thursday, July 28th, Blue Pool Capital Ltd sold 223,800 shares of Blue Owl Capital stock. The shares were sold at an average price of $11.22, for a total transaction of $2,511,036.00.
  • On Tuesday, July 26th, Blue Pool Capital Ltd sold 60,400 shares of Blue Owl Capital stock. The shares were sold at an average price of $10.66, for a total transaction of $643,864.00.

Blue Owl Capital Trading Up 3.2 %

Shares of Blue Owl Capital stock opened at $12.31 on Friday. The firm’s 50-day moving average is $10.97 and its 200 day moving average is $11.93. Blue Owl Capital Inc. has a 1 year low of $9.52 and a 1 year high of $17.89.

Blue Owl Capital (NYSE:OWLGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $275.98 million during the quarter, compared to the consensus estimate of $290.30 million. Blue Owl Capital had a positive return on equity of 11.41% and a negative net margin of 5.81%. Equities analysts expect that Blue Owl Capital Inc. will post 0.52 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Investors of record on Monday, August 22nd will be paid a $0.11 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, August 19th. This represents a $0.44 dividend on an annualized basis and a yield of 3.57%. Blue Owl Capital’s payout ratio is presently -200.00%.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds have recently bought and sold shares of the company. Blue Owl Capital Holdings LP bought a new position in Blue Owl Capital in the 4th quarter worth about $1,670,516,000. Capital World Investors raised its position in Blue Owl Capital by 3.4% in the 1st quarter. Capital World Investors now owns 40,767,463 shares of the company’s stock worth $516,931,000 after buying an additional 1,349,425 shares during the last quarter. Capital International Investors raised its position in Blue Owl Capital by 0.8% in the 1st quarter. Capital International Investors now owns 23,119,460 shares of the company’s stock worth $293,155,000 after buying an additional 183,098 shares during the last quarter. Phoenix Holdings Ltd. raised its position in Blue Owl Capital by 3.8% in the 1st quarter. Phoenix Holdings Ltd. now owns 4,610,406 shares of the company’s stock worth $55,308,000 after buying an additional 170,242 shares during the last quarter. Finally, Offit Capital Advisors LLC purchased a new position in Blue Owl Capital in the 1st quarter worth about $45,495,000. Institutional investors own 31.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on OWL shares. JMP Securities started coverage on shares of Blue Owl Capital in a report on Wednesday, June 8th. They set an “outperform” rating and a $18.00 target price on the stock. The Goldman Sachs Group dropped their target price on shares of Blue Owl Capital from $16.25 to $13.75 and set a “buy” rating on the stock in a report on Wednesday, June 29th. Finally, JPMorgan Chase & Co. started coverage on shares of Blue Owl Capital in a report on Thursday, July 7th. They set a “neutral” rating and a $13.00 target price on the stock. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average target price of $16.09.

About Blue Owl Capital

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Blue Owl Capital Inc operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases.

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