Blue Owl Capital Inc. (NYSE:OWL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Blue Owl Capital Inc. (NYSE:OWL) have earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $19.5667.

OWL has been the subject of a number of recent research reports. Raymond James Financial raised shares of Blue Owl Capital from a “market perform” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research note on Wednesday, December 10th. Oppenheimer lowered their target price on shares of Blue Owl Capital from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Wolfe Research set a $20.00 target price on shares of Blue Owl Capital in a research report on Wednesday, January 7th. Barclays reduced their price target on Blue Owl Capital from $18.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Blue Owl Capital from $21.50 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th.

Blue Owl Capital Stock Down 1.8%

Shares of OWL stock opened at $12.08 on Wednesday. The stock has a 50-day moving average price of $14.69 and a 200 day moving average price of $16.20. The firm has a market cap of $18.84 billion, a price-to-earnings ratio of 120.81, a PEG ratio of 0.98 and a beta of 1.11. Blue Owl Capital has a 12 month low of $10.88 and a 12 month high of $24.28.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, February 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $701.47 million for the quarter, compared to the consensus estimate of $712.75 million. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.70%. Sell-side analysts predict that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 20th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Friday, February 20th. Blue Owl Capital’s payout ratio is presently 900.00%.

Insider Buying and Selling

In other news, CFO Alan Kirshenbaum bought 33,670 shares of the stock in a transaction on Monday, December 1st. The stock was purchased at an average price of $14.87 per share, with a total value of $500,672.90. Following the completion of the purchase, the chief financial officer owned 33,670 shares of the company’s stock, valued at approximately $500,672.90. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Marc S. Lipschultz bought 69,663 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was purchased 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 of the company’s stock, valued at approximately $1,189,740. This trade represents a 746.10% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 395,670 shares of company stock valued at $5,952,393. Insiders own 27.44% of the company’s stock.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently made changes to their positions in OWL. Oppenheimer & Co. Inc. lifted its stake in Blue Owl Capital by 185.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 136,956 shares of the company’s stock valued at $2,319,000 after acquiring an additional 88,935 shares in the last quarter. Truist Financial Corp grew its stake in shares of Blue Owl Capital by 7.8% during the 3rd quarter. Truist Financial Corp now owns 1,062,214 shares of the company’s stock worth $17,983,000 after acquiring an additional 76,942 shares in the last quarter. TrueMark Investments LLC acquired a new stake in shares of Blue Owl Capital in the third quarter valued at approximately $6,874,000. HighTower Advisors LLC raised its holdings in shares of Blue Owl Capital by 12.5% in the third quarter. HighTower Advisors LLC now owns 3,975,414 shares of the company’s stock valued at $67,304,000 after purchasing an additional 442,877 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Blue Owl Capital by 85.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,915,985 shares of the company’s stock worth $49,368,000 after purchasing an additional 1,339,495 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Company 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.