Blue Pool Capital Ltd Sells 120,298 Shares of Blue Owl Capital Inc. (NYSE:OWL) Stock

Blue Owl Capital Inc. (NYSE:OWLGet Rating) major shareholder Blue Pool Capital Ltd sold 120,298 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $11.33, for a total value of $1,362,976.34. Following the transaction, the insider now owns 48,146,545 shares in the company, valued at $545,500,354.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, August 3rd, Blue Pool Capital Ltd sold 202,018 shares of Blue Owl Capital stock. The stock was sold at an average price of $11.49, for a total value of $2,321,186.82.
  • On Thursday, July 28th, Blue Pool Capital Ltd sold 223,800 shares of Blue Owl Capital stock. The stock was sold at an average price of $11.22, for a total value of $2,511,036.00.
  • On Tuesday, July 26th, Blue Pool Capital Ltd sold 60,400 shares of Blue Owl Capital stock. The stock was sold at an average price of $10.66, for a total value of $643,864.00.

Blue Owl Capital Trading Up 3.2 %

Shares of NYSE:OWL opened at $12.31 on Friday. The stock has a fifty day simple moving average of $10.97 and a two-hundred day simple moving average of $11.93. Blue Owl Capital Inc. has a 12-month low of $9.52 and a 12-month high of $17.89.

Blue Owl Capital (NYSE:OWLGet Rating) last announced its quarterly earnings data 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 company had revenue of $275.98 million for the quarter, compared to analysts’ expectations of $290.30 million. Blue Owl Capital had a negative net margin of 43.10% and a negative return on equity of 21.35%. Research analysts predict that Blue Owl Capital Inc. will post 0.52 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Monday, August 22nd will be paid a dividend of $0.11 per share. 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%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OWL. State of New Jersey Common Pension Fund D purchased a new position in Blue Owl Capital during the fourth quarter valued at $2,702,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Blue Owl Capital in the fourth quarter worth $321,000. Advisor Group Holdings Inc. raised its stake in shares of Blue Owl Capital by 57.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 8,428 shares of the company’s stock worth $125,000 after purchasing an additional 3,086 shares during the last quarter. Arizona State Retirement System purchased a new position in shares of Blue Owl Capital in the fourth quarter worth $645,000. Finally, TBH Global Asset Management LLC raised its stake in shares of Blue Owl Capital by 13.1% in the fourth quarter. TBH Global Asset Management LLC now owns 86,965 shares of the company’s stock worth $1,297,000 after purchasing an additional 10,100 shares during the last quarter. Hedge funds and other institutional investors own 31.96% of the company’s stock.

Wall Street Analysts Forecast Growth

OWL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Blue Owl Capital in a research report on Thursday, July 7th. They issued a “neutral” rating and a $13.00 price objective on the stock. The Goldman Sachs Group cut their price objective on Blue Owl Capital from $16.25 to $13.75 and set a “buy” rating on the stock in a research report on Wednesday, June 29th. Finally, JMP Securities assumed coverage on Blue Owl Capital in a research note on Wednesday, June 8th. They issued an “outperform” rating and a $18.00 target price for the company. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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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Insider Buying and Selling by Quarter for Blue Owl Capital (NYSE:OWL)

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