Insider Selling: Blue Pool Capital Ltd, Blue Owl Capital Inc. [OWL] 10% Owner divested 119,000 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Blue Owl Capital Inc. shares valued at $1,445,850 were sold by Blue Pool Capital Ltd on Aug 24. At $12.15 per share, Blue Pool Capital Ltd sold 119,000 shares. The insider’s holdings dropped to 43,396,043 shares worth approximately $446.98 million following the completion of this transaction.


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Also, Blue Pool Capital Ltd sold 165,000 shares, netting a total of over 1,980,000 in proceeds. Following the sale of shares at $12.00 each, the insider now holds 43,515,043 shares.

Before that, Blue Pool Capital Ltd had sold 254,000 shares from its account. In a trade valued at $2,989,580, the 10% Owner traded Blue Owl Capital Inc. shares for $11.77 each. Upon closing the transaction, the insider’s holdings decreased to 254,000 shares, worth approximately $449.9 million.

As published in their initiating research note from Deutsche Bank on September 13, 2022, Blue Owl Capital Inc. [OWL] has been a Buy and the price target has been revised to $19. This represents a 45.79% premium over Thursday’s closing price. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in early July. As of June 08, 2022, JMP Securities has initiated its “Mkt outperform” rating for OWL. Earlier on January 24, 2022, BofA Securities initiated its rating. Their recommendation was “a Buy” for OWL stock.

Analyzing OWL’s Price Performance

On Thursday, Blue Owl Capital Inc. [NYSE: OWL] plunged -3.20% to $10.30. The stock’s lowest price that day was $10.19, but it reached a high of $10.74 in the same session. During the last five days, there has been a drop of approximately -6.53%. Over the course of the year, Blue Owl Capital Inc. shares have dropped approximately -30.92%. Shares of the company reached a 52-week high of $15.05 on 01/04/22 and a 52-week low of $9.52 on 07/14/22. A 50-day SMA is recorded $11.45, while a 200-day SMA reached $12.26. Nevertheless, trading volume fell to 2.65 million shares from 2.04 million shares the previous day.

Support And Resistance Levels for Blue Owl Capital Inc. (OWL)

According to the 24-hour chart, there is a support level at 10.08, which, if violated, would cause prices to drop to 9.86. In the upper region, resistance lies at 10.63. The next price resistance is at 10.96. RSI (Relative Strength Index) is 31.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.44, which suggests the price will decrease in the coming days. Percent R is at 93.29%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Blue Owl Capital Inc. subject to short interest?

Stocks of Blue Owl Capital Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 7.91 million shares to 30.44 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 22.53 million shares. A jump of 25.99% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.85 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.85.

Which companies own the most shares of Blue Owl Capital Inc. (OWL)?

According to Iconiq Capital LLC filings, the company currently owns 50,000,000 shares, which is about 11.89% of the total OWL shares outstanding. With the completion of the buy transaction, Capital Research & Management Co’s stake is now worth $554,481,452. Blue Pool Capital Ltd. reduced a -11.32% interest valued at $481.7 million while Koch Industries, Inc. 0 stake. In its current portfolio, Brown University Investment Offic holds 15,781,858 shares valued at $175.18 million.

In terms of Blue Owl Capital Inc. share price expectations, FactSet research, analysts set an average price target of $15.53 in the next 12 months, up nearly 40.98% from the previous closing price of $10.64. Analysts anticipate Blue Owl Capital Inc. stock to reach $19.00 by 2022, with the lowest price target being $13.50. On December 16, 2021, Evercore ISI assigned a price target of “an Outperform” to the stock and initiated coverage with a $19.

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