Blue Owl Capital Inc. (NYSE:OWL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Blue Owl Capital Inc. (NYSE:OWL) has earned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $21.50.

OWL has been the subject of several analyst reports. Piper Sandler reduced their price target on shares of Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. BMO Capital Markets initiated coverage on shares of Blue Owl Capital in a research note on Friday, October 3rd. They set an “outperform” rating and a $18.00 target price for the company. Evercore ISI decreased their target price on shares of Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Oppenheimer set a $25.00 price target on Blue Owl Capital and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Raymond James Financial upgraded Blue Owl Capital from a “market perform” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, December 10th.

Insiders Place Their Bets

In related news, insider Craig Packer acquired 110,227 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were acquired at an average cost of $15.06 per share, for a total transaction of $1,660,018.62. Following the completion of the purchase, the insider directly owned 94,000 shares in the company, valued at $1,415,640. This trade represents a -679.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Alan Kirshenbaum bought 33,670 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was bought at an average price of $14.87 per share, with a total value of $500,672.90. Following the transaction, the chief financial officer directly owned 33,670 shares in the company, valued at $500,672.90. This represents a ∞ 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 valued at $5,952,393 over the last three months. 27.44% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Roxbury Financial LLC raised its stake in shares of Blue Owl Capital by 383.6% in the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after buying an additional 1,400 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Blue Owl Capital by 117.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after acquiring an additional 867 shares in the last quarter. Banque Transatlantique SA acquired a new stake in Blue Owl Capital in the 1st quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Blue Owl Capital by 58.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock valued at $50,000 after acquiring an additional 916 shares during the last quarter. Finally, Activest Wealth Management bought a new position in shares of Blue Owl Capital during the 3rd quarter valued at about $50,000. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 3.6%

NYSE:OWL opened at $15.86 on Tuesday. The stock has a 50 day moving average of $15.31 and a 200-day moving average of $17.37. The firm has a market capitalization of $24.73 billion, a PE ratio of 264.29, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. Blue Owl Capital has a 52 week low of $13.25 and a 52 week high of $26.73.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $687.00 million during the quarter, compared to analyst estimates of $685.95 million. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%. As a group, analysts predict that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were paid a $0.225 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.90 annualized dividend and a dividend yield of 5.7%. Blue Owl Capital’s dividend payout ratio is presently 1,500.00%.

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.