DNB Asset Management AS Acquires 55,645 Shares of Blue Owl Capital Inc. $OWL

DNB Asset Management AS raised its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 13.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 455,880 shares of the company’s stock after purchasing an additional 55,645 shares during the quarter. DNB Asset Management AS’s holdings in Blue Owl Capital were worth $7,718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Parkside Financial Bank & Trust increased its holdings in shares of Blue Owl Capital by 117.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after buying an additional 867 shares during the last quarter. Activest Wealth Management purchased a new position in Blue Owl Capital in the third quarter worth about $50,000. Headlands Technologies LLC bought a new stake in Blue Owl Capital during the second quarter worth approximately $51,000. Creative Financial Designs Inc. ADV increased its stake in 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 worth $62,000 after acquiring an additional 3,187 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in Blue Owl Capital by 26.0% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,970 shares of the company’s stock valued at $84,000 after purchasing an additional 1,027 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OWL has been the subject of a number of recent research reports. Barclays dropped their target price on Blue Owl Capital from $18.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Oppenheimer lowered their price target on Blue Owl Capital from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Citigroup reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, January 27th. Wolfe Research set a $20.00 target price on shares of Blue Owl Capital in a research note on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Blue Owl Capital from a “buy” rating to a “hold” rating and lowered their target price for the stock from $15.00 to $10.00 in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.69.

Insiders Place Their Bets

In other news, CEO Douglas I. Ostrover acquired 139,327 shares of Blue Owl Capital stock in a transaction dated Tuesday, December 2nd. The stock was purchased at an average cost of $15.06 per share, for a total transaction of $2,098,264.62. Following the completion of the purchase, the chief executive officer directly owned 158,000 shares in the company, valued at $2,379,480. This trade represents a 746.14% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Packer purchased 110,227 shares of Blue Owl Capital stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average cost of $15.06 per share, with a total value of $1,660,018.62. Following the completion of the transaction, the insider directly owned 94,000 shares in the company, valued at $1,415,640. The trade was a -679.28% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 319,217 shares of company stock valued at $4,807,408. 27.44% of the stock is owned by company insiders.

Blue Owl Capital Price Performance

NYSE:OWL opened at $10.54 on Monday. The company has a 50-day moving average of $13.95 and a 200 day moving average of $15.72. Blue Owl Capital Inc. has a 1-year low of $10.08 and a 1-year high of $21.89. The firm has a market cap of $16.38 billion, a PE ratio of 105.36, a price-to-earnings-growth ratio of 0.88 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Blue Owl Capital had a return on equity of 20.93% and a net margin of 2.75%.The business had revenue of $701.47 million for the quarter, compared to the consensus estimate of $712.75 million. Sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 20th will be paid a $0.225 dividend. The ex-dividend date is Friday, February 20th. This represents a $0.90 dividend on an annualized basis and a yield of 8.5%. Blue Owl Capital’s dividend payout ratio (DPR) is 900.00%.

Blue Owl Capital 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.