Blue Owl Capital Inc. (NYSE:OWL – Get 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
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
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.
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