Blue Owl Capital (NYSE:OWL) Price Target Cut to $15.00 by Analysts at Oppenheimer

Blue Owl Capital (NYSE:OWL) had its target price trimmed by Oppenheimer from $16.00 to $15.00 in a report issued on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also commented on OWL. Credit Suisse Group set a $9.10 price objective on shares of Blue Owl Capital in a research note on Thursday, July 2nd. Citizens Jmp dropped their target price on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating on the stock in a report on Thursday, July 9th. JPMorgan Chase & Co. dropped their target price on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. The Goldman Sachs Group decreased their price target on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Finally, Capital One Financial set a $11.00 price objective on Blue Owl Capital in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.16.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $9.52 on Friday. The stock’s 50 day moving average is $9.54 and its 200 day moving average is $10.79. Blue Owl Capital has a one year low of $7.95 and a one year high of $20.99. The firm has a market cap of $14.80 billion, a P/E ratio of 79.33, a P/E/G ratio of 1.04 and a beta of 1.22.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The business had revenue of $699.88 million during the quarter, compared to the consensus estimate of $687.23 million. Equities analysts anticipate that Blue Owl Capital will post 0.87 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a $0.23 dividend. The ex-dividend date was Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 9.7%. Blue Owl Capital’s dividend payout ratio is 766.67%.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors have recently made changes to their positions in the stock. Arax Advisory Partners bought a new position in shares of Blue Owl Capital during the 4th quarter worth about $25,000. Roxbury Financial LLC raised its position in shares of Blue Owl Capital by 383.6% during the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after purchasing an additional 1,400 shares during the period. Toronto Dominion Bank bought a new position in shares of Blue Owl Capital in the 4th quarter worth $26,000. Lavaca Capital LLC bought a new position in shares of Blue Owl Capital in the 4th quarter worth $28,000. Finally, Essential Partners LLC grew its position in Blue Owl Capital by 739.7% in the 1st quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock valued at $29,000 after purchasing an additional 2,833 shares during the period. 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.