Insider Selling: Blue Owl Capital Inc. (NYSE:OWL) Major Shareholder Sells $1,362,976.34 in Stock

Blue Owl Capital Inc. (NYSE:OWLGet Rating) major shareholder Blue Pool Capital Ltd sold 120,298 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $11.33, for a total value of $1,362,976.34. Following the completion of the transaction, the insider now directly owns 48,146,545 shares in the company, valued at $545,500,354.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more 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 Wednesday, August 3rd, Blue Pool Capital Ltd sold 202,018 shares of Blue Owl Capital stock. The shares were 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 Stock Performance

Shares of NYSE:OWL opened at $12.31 on Friday. The business has a fifty day moving average price of $10.97 and a two-hundred day moving average price of $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 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 business had revenue of $275.98 million during the quarter, compared to the consensus estimate of $290.30 million. Blue Owl Capital had a negative net margin of 43.10% and a negative return on equity of 21.35%. As a group, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.52 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm 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 $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Friday, August 19th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.10.

Wall Street Analysts Forecast Growth

OWL has been the topic of a number of research reports. JMP Securities initiated coverage on Blue Owl Capital in a research report on Wednesday, June 8th. They set an “outperform” rating and a $18.00 target price on the stock. The Goldman Sachs Group lowered their target price 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, JPMorgan Chase & Co. assumed coverage on Blue Owl Capital in a research report on Thursday, July 7th. They set a “neutral” rating and a $13.00 target price on the stock. Two investment 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 stock has an average rating of “Moderate Buy” and a consensus target price of $16.09.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OWL. ProShare Advisors LLC bought a new position in shares of Blue Owl Capital during the 4th quarter worth $427,000. Steph & Co. bought a new position in shares of Blue Owl Capital during the 1st quarter worth $61,000. Alliancebernstein L.P. grew its stake in shares of Blue Owl Capital by 165.9% during the 4th quarter. Alliancebernstein L.P. now owns 997,739 shares of the company’s stock worth $14,876,000 after acquiring an additional 622,451 shares during the period. Parsons Capital Management Inc. RI bought a new position in shares of Blue Owl Capital during the 4th quarter worth $847,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Blue Owl Capital during the 4th quarter worth $466,000. Institutional investors own 31.96% of the company’s stock.

About Blue Owl Capital

(Get Rating)

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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