Blue Owl Capital Inc. (OWL) to Issue Quarterly Dividend of $0.11 on August 29th

Blue Owl Capital Inc. (NYSE:OWLGet Rating) declared a quarterly dividend on Thursday, August 4th, Zacks reports. Stockholders of record on Monday, August 22nd will be paid a dividend of 0.11 per share on Monday, August 29th. This represents a $0.44 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, August 19th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.10.

Blue Owl Capital Stock Down 1.6 %

OWL stock opened at $12.76 on Wednesday. Blue Owl Capital has a twelve month low of $9.52 and a twelve month high of $17.89. The business’s 50-day moving average price is $11.01 and its 200-day moving average price is $11.95.

Insider Transactions at Blue Owl Capital

In other news, major shareholder Blue Pool Capital Ltd sold 264,900 shares of the business’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $12.97, for a total value of $3,435,753.00. Following the completion of the transaction, the insider now directly owns 45,213,043 shares of the company’s stock, valued at approximately $586,413,167.71. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders sold 1,670,716 shares of company stock valued at $20,400,752. Corporate insiders own 31.19% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OWL. Envestnet Asset Management Inc. acquired a new position in Blue Owl Capital during the 1st quarter valued at about $152,000. JPMorgan Chase & Co. increased its holdings in shares of Blue Owl Capital by 168.4% in the first quarter. JPMorgan Chase & Co. now owns 407,381 shares of the company’s stock valued at $5,166,000 after purchasing an additional 255,594 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Blue Owl Capital by 8.2% in the first quarter. Bank of New York Mellon Corp now owns 780,428 shares of the company’s stock valued at $9,895,000 after purchasing an additional 59,124 shares during the period. AlphaCrest Capital Management LLC acquired a new position in shares of Blue Owl Capital in the first quarter valued at about $131,000. Finally, Clearbridge Investments LLC acquired a new position in shares of Blue Owl Capital in the first quarter valued at about $31,838,000. 31.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Blue Owl Capital in a report on Thursday, July 7th. They set a “neutral” rating and a $13.00 price objective for the company. JMP Securities began coverage on Blue Owl Capital in a report on Wednesday, June 8th. They set an “outperform” rating and a $18.00 price objective for the company. Finally, The Goldman Sachs Group upped their target price on Blue Owl Capital from $13.75 to $15.50 and gave the stock a “buy” rating in a report on Monday, August 8th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.31.

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.

Further Reading

Dividend History for Blue Owl Capital (NYSE:OWL)

Receive News & Ratings for Blue Owl Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Owl Capital and related companies with MarketBeat.com's FREE daily email newsletter.