Blue Owl Capital Inc. (OWL) To Go Ex-Dividend on November 10th

Blue Owl Capital Inc. (NYSE:OWL) announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.23 per share on Monday, November 23rd. This represents a $0.92 annualized dividend and a yield of 9.4%. The ex-dividend date is Tuesday, November 10th.

Blue Owl Capital has a payout ratio of 87.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Blue Owl Capital to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 93.9%.

Blue Owl Capital Stock Down 0.7%

OWL opened at $9.82 on Friday. The company has a market cap of $15.31 billion, a P/E ratio of 70.17, a price-to-earnings-growth ratio of 1.10 and a beta of 1.31. The firm’s 50-day moving average price is $9.93 and its 200-day moving average price is $10.23. Blue Owl Capital has a 52-week low of $7.95 and a 52-week high of $17.00.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, October 29th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $752.60 million during the quarter, compared to analysts’ expectations of $698.10 million. Blue Owl Capital had a net margin of 3.08% and a return on equity of 24.70%. On average, research analysts anticipate that Blue Owl Capital will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Neena Reddy sold 40,292 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $10.40, for a total value of $419,036.80. Following the sale, the general counsel directly owned 575,892 shares of the company’s stock, valued at $5,989,276.80. This represents a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 25.74% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new stake in Blue Owl Capital in the second quarter valued at approximately $54,883,000. Renaissance Technologies LLC increased its position in shares of Blue Owl Capital by 2,107.1% in the first quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock valued at $55,375,000 after buying an additional 5,790,400 shares in the last quarter. Estuary Capital Management LP increased its position in shares of Blue Owl Capital by 338.9% in the first quarter. Estuary Capital Management LP now owns 4,197,297 shares of the company’s stock valued at $38,321,000 after buying an additional 3,241,040 shares in the last quarter. Lalia Capital LLC acquired a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $34,952,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $34,481,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Company Profile

Blue Owl Capital Inc is an alternative asset manager that provides private-market investment strategies and capital solutions to institutional and individual investors. Its businesses span private credit, GP strategic capital and real assets.

Through its credit platform, the company provides financing to businesses, including middle-market companies. Its GP strategic capital business invests in and provides financing to alternative asset managers, while its real assets platform focuses on areas such as real estate and infrastructure.

Blue Owl was formed in 2021 through the combination of Owl Rock Capital Group and Dyal Capital Partners.