Capital Advisors Inc. OK Invests $17.73 Million in Blue Owl Capital Inc. $OWL

Capital Advisors Inc. OK purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,047,050 shares of the company’s stock, valued at approximately $17,727,000. Capital Advisors Inc. OK owned approximately 0.07% of Blue Owl Capital at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of OWL. Banque Transatlantique SA bought a new position in shares of Blue Owl Capital in the first quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. boosted its stake in Blue Owl Capital by 58.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock valued at $50,000 after purchasing an additional 916 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Blue Owl Capital in the second quarter worth $51,000. MorganRosel Wealth Management LLC purchased a new position in shares of Blue Owl Capital in the second quarter worth $51,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Blue Owl Capital by 6,504.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 3,236 shares of the company’s stock valued at $62,000 after purchasing an additional 3,187 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays decreased their target price on Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. The Goldman Sachs Group cut their target price on shares of Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. BMO Capital Markets assumed coverage on Blue Owl Capital in a report on Friday, October 3rd. They set an “outperform” rating and a $18.00 price target on the stock. Piper Sandler cut their price objective on Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Finally, Evercore ISI lowered their target price on Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.50.

Insiders Place Their Bets

In other Blue Owl Capital news, CFO Alan Kirshenbaum purchased 33,670 shares of the company’s stock in a transaction on Monday, December 1st. The stock was acquired at an average cost of $14.87 per share, for a total transaction of $500,672.90. Following the purchase, the chief financial officer directly owned 33,670 shares of the company’s stock, valued at $500,672.90. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas I. Ostrover acquired 139,327 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average cost of $15.06 per share, with a total value of $2,098,264.62. Following the completion of the acquisition, the chief executive officer owned 158,000 shares in the company, valued at approximately $2,379,480. This represents a 746.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 395,670 shares of company stock worth $5,952,393. 27.20% of the stock is currently owned by corporate insiders.

Blue Owl Capital Stock Up 2.2%

Shares of OWL opened at $15.28 on Friday. Blue Owl Capital Inc. has a 52 week low of $13.25 and a 52 week high of $26.73. The stock has a market cap of $23.82 billion, a price-to-earnings ratio of 254.63, a PEG ratio of 1.20 and a beta of 1.13. The business has a 50-day simple moving average of $15.33 and a two-hundred day simple moving average of $17.40.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, October 30th. The company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $687.00 million for the quarter, compared to analysts’ expectations of $685.95 million. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Monday, November 10th. Blue Owl Capital’s dividend payout ratio is presently 1,500.00%.

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.