194,019 Shares in Blue Owl Capital Inc. $OWL Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC bought a new stake in Blue Owl Capital Inc. (NYSE:OWL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 194,019 shares of the company’s stock, valued at approximately $3,135,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OWL. Xponance Inc. lifted its stake in shares of Blue Owl Capital by 3.0% in the 3rd quarter. Xponance Inc. now owns 88,434 shares of the company’s stock worth $1,497,000 after acquiring an additional 2,536 shares during the period. DNB Asset Management AS lifted its position in Blue Owl Capital by 13.9% in the third quarter. DNB Asset Management AS now owns 455,880 shares of the company’s stock worth $7,718,000 after purchasing an additional 55,645 shares during the period. Partners Group Holding AG boosted its stake in Blue Owl Capital by 8.3% during the 3rd quarter. Partners Group Holding AG now owns 1,940,155 shares of the company’s stock valued at $32,847,000 after purchasing an additional 149,292 shares in the last quarter. US Bancorp DE increased its position in shares of Blue Owl Capital by 38.7% during the 3rd quarter. US Bancorp DE now owns 14,071 shares of the company’s stock valued at $238,000 after purchasing an additional 3,928 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in shares of Blue Owl Capital during the 3rd quarter valued at $420,000. 35.85% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Blue Owl Capital news, insider Craig Packer acquired 110,227 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was purchased at an average cost of $15.06 per share, for a total transaction of $1,660,018.62. Following the transaction, the insider owned 94,000 shares of the company’s stock, valued at $1,415,640. The trade was a -679.28% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Alan Kirshenbaum bought 33,670 shares of the stock in a transaction on Monday, December 1st. The shares were 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 owned 33,670 shares in the company, valued at approximately $500,672.90. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 395,670 shares of company stock worth $5,952,393. 27.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

OWL has been the subject of several research analyst reports. Oppenheimer cut their price objective on Blue Owl Capital from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Citigroup reissued an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft cut shares of Blue Owl Capital from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $15.00 to $10.00 in a research note on Tuesday. Raymond James Financial reissued a “strong-buy” rating on shares of Blue Owl Capital in a research note on Thursday, February 19th. Finally, Zacks Research cut shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average price target of $18.69.

Blue Owl Capital Trading Down 6.1%

OWL stock opened at $10.54 on Friday. Blue Owl Capital Inc. has a one year low of $10.08 and a one year high of $21.89. The firm has a 50-day moving average of $13.95 and a two-hundred day moving average of $15.78. The firm has a market capitalization of $16.43 billion, a PE ratio of 105.36, a P/E/G ratio of 0.93 and a beta of 1.11.

Blue Owl Capital (NYSE:OWL) last released 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. The business had revenue of $701.47 million for the quarter, compared to analyst estimates of $712.75 million. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

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