Segment Wealth Management LLC Takes Position in Blue Owl Capital Inc. $OWL

Segment Wealth Management LLC bought a new position in Blue Owl Capital Inc. (NYSE:OWL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 60,350 shares of the company’s stock, valued at approximately $1,022,000.

Other hedge funds have also modified their holdings of the company. Banque Transatlantique SA acquired a new stake in shares of Blue Owl Capital during the first quarter worth about $31,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Blue Owl Capital by 58.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock worth $50,000 after acquiring an additional 916 shares during the period. MorganRosel Wealth Management LLC acquired a new position in Blue Owl Capital during the second quarter valued at $51,000. Headlands Technologies LLC purchased a new stake in Blue Owl Capital in the second quarter valued at $51,000. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of Blue Owl Capital by 6,504.1% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,236 shares of the company’s stock valued at $62,000 after buying an additional 3,187 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, CEO Douglas I. Ostrover acquired 139,327 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was bought at an average price of $15.06 per share, for a total transaction of $2,098,264.62. Following the acquisition, the chief executive officer owned 158,000 shares in the company, valued at approximately $2,379,480. The trade was a 746.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Marc S. Lipschultz bought 69,663 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were bought at an average price of $15.06 per share, for a total transaction of $1,049,124.78. Following the completion of the acquisition, the chief executive officer owned 79,000 shares in the company, valued at approximately $1,189,740. The trade was a 746.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 395,670 shares of company stock worth $5,952,393 in the last 90 days. 27.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, October 21st. Evercore ISI dropped their price objective on shares of Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, October 8th. UBS Group assumed coverage on shares of Blue Owl Capital in a report on Thursday, December 11th. They set a “neutral” rating and a $18.00 price target on the stock. Finally, BMO Capital Markets initiated coverage on shares of Blue Owl Capital in a report on Friday, October 3rd. They issued an “outperform” rating and a $18.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $21.50.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $14.98 on Wednesday. The stock has a market capitalization of $23.36 billion, a PE ratio of 249.71, a P/E/G ratio of 1.43 and a beta of 1.13. Blue Owl Capital Inc. has a fifty-two week low of $13.25 and a fifty-two week high of $26.73. The company has a fifty day moving average of $15.43 and a two-hundred day moving average of $17.46.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. The business had revenue of $687.00 million for the quarter, compared to analyst estimates of $685.95 million. Research analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.0%. Blue Owl Capital’s dividend payout ratio is presently 1,500.00%.

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.