Blue Owl Capital Inc. (NYSE:OWL) to Issue Quarterly Dividend of $0.10

Blue Owl Capital Inc. (NYSE:OWL – Get Rating) declared a quarterly dividend on Thursday, May 5th, Zacks reports. Shareholders of record on Friday, May 20th will be given a dividend of 0.10 per share on Friday, May 27th. This represents a $0.40 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, May 19th.

OWL stock opened at $12.14 on Friday. The stock’s fifty day simple moving average is $12.73 and its two-hundred day simple moving average is $13.94. Blue Owl Capital has a 1-year low of $9.35 and a 1-year high of $17.89.

Blue Owl Capital (NYSE:OWL – Get Rating) last issued its earnings results on Thursday, February 17th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $288.52 million during the quarter, compared to the consensus estimate of $247.20 million. As a group, research analysts predict that Blue Owl Capital will post 0.58 earnings per share for the current year.

Several equities research analysts recently weighed in on OWL shares. Bank of America initiated coverage on Blue Owl Capital in a report on Monday, January 24th. They set a “buy” rating and a $18.00 target price for the company. Zacks Investment Research upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $16.86.

In related news, Director Claudia A. Holz purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 9th. The shares were bought at an average price of $12.24 per share, for a total transaction of $122,400.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

A number of hedge funds have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. purchased a new stake in Blue Owl Capital in the fourth quarter worth $30,000. Deutsche Bank AG bought a new position in shares of Blue Owl Capital during the 4th quarter worth $75,000. Envestnet Asset Management Inc. bought a new position in shares of Blue Owl Capital during the 1st quarter worth $152,000. JustInvest LLC bought a new position in shares of Blue Owl Capital during the 4th quarter worth $189,000. Finally, Squarepoint Ops LLC bought a new position in shares of Blue Owl Capital during the 4th quarter worth $263,000. Institutional investors and hedge funds 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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