Envestnet Asset Management Inc. Purchases 149,737 Shares of Blue Owl Capital Inc. $OWL

Envestnet Asset Management Inc. increased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 15.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,104,501 shares of the company’s stock after acquiring an additional 149,737 shares during the period. Envestnet Asset Management Inc. owned about 0.07% of Blue Owl Capital worth $18,699,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in shares of Blue Owl Capital by 50.0% in the 1st quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock worth $7,976,000 after purchasing an additional 132,637 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Blue Owl Capital by 8.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,006 shares of the company’s stock valued at $807,000 after buying an additional 3,189 shares in the last quarter. TD Asset Management Inc bought a new stake in Blue Owl Capital during the second quarter worth about $976,000. Chicago Partners Investment Group LLC increased its holdings in shares of Blue Owl Capital by 8.1% during the second quarter. Chicago Partners Investment Group LLC now owns 601,768 shares of the company’s stock worth $12,288,000 after buying an additional 45,261 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of Blue Owl Capital by 3.3% during the second quarter. Stephens Inc. AR now owns 667,466 shares of the company’s stock worth $12,822,000 after buying an additional 21,136 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on OWL shares. Oppenheimer lowered their target price on Blue Owl Capital from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. TD Cowen restated a “buy” rating on shares of Blue Owl Capital in a research report on Wednesday, January 14th. JPMorgan Chase & Co. upped their target price on shares of Blue Owl Capital from $21.50 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Raymond James Financial raised shares of Blue Owl Capital from a “market perform” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, December 10th. Finally, Evercore set a $14.00 price objective on shares of Blue Owl Capital in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $19.22.

Insider Buying and Selling

In related news, CEO Marc S. Lipschultz purchased 69,663 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was acquired at an average price of $15.06 per share, with a total value of $1,049,124.78. Following the completion of the purchase, the chief executive officer directly owned 79,000 shares in the company, valued at $1,189,740. This trade represents a 746.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Alan Kirshenbaum bought 33,670 shares of Blue Owl Capital 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 acquisition, the chief financial officer owned 33,670 shares in the company, valued at approximately $500,672.90. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 395,670 shares of company stock valued at $5,952,393. 27.20% of the stock is currently owned by corporate insiders.

Blue Owl Capital Trading Down 1.5%

Shares of NYSE OWL opened at $12.31 on Friday. The company has a fifty day moving average price of $14.86 and a 200 day moving average price of $16.32. The firm has a market cap of $19.19 billion, a PE ratio of 123.08, a PEG ratio of 0.98 and a beta of 1.11. Blue Owl Capital Inc. has a 1-year low of $10.88 and a 1-year high of $24.28.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. Blue Owl Capital had a return on equity of 20.70% and a net margin of 2.75%.The company had revenue of $701.47 million during the quarter, compared to analysts’ expectations of $712.75 million. Equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 20th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Friday, February 20th. Blue Owl Capital’s payout ratio is presently 900.00%.

Blue Owl Capital Company Profile

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.