Evercore ISI Has Lowered Expectations for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its target price reduced by equities research analysts at Evercore ISI from $19.00 to $17.00 in a report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 7.70% from the stock’s previous close.

Several other research firms also recently commented on OWL. Wolfe Research set a $20.00 target price on shares of Blue Owl Capital in a research report on Wednesday, January 7th. Oppenheimer reissued an “outperform” rating and issued a $27.00 price target on shares of Blue Owl Capital in a research report on Tuesday. Barclays cut their target price on shares of Blue Owl Capital from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, January 9th. Raymond James Financial upgraded Blue Owl Capital from a “market perform” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, December 10th. Finally, UBS Group decreased their target price on Blue Owl Capital from $18.00 to $16.50 and set a “neutral” rating for the company in a research note on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.78.

Blue Owl Capital Price Performance

OWL traded up $0.03 during trading on Thursday, reaching $15.79. 1,191,631 shares of the stock traded hands, compared to its average volume of 9,955,133. The stock’s 50-day simple moving average is $15.32 and its two-hundred day simple moving average is $17.09. Blue Owl Capital has a fifty-two week low of $13.25 and a fifty-two week high of $26.73. The stock has a market cap of $24.62 billion, a price-to-earnings ratio of 262.51, a price-to-earnings-growth ratio of 1.31 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $687.00 million during the quarter, compared to the consensus estimate of $685.95 million. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%. Research analysts anticipate that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Insider Activity

In other Blue Owl Capital news, CEO Marc S. Lipschultz acquired 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 transaction, the chief executive officer owned 79,000 shares in the company, valued at $1,189,740. This trade represents a 746.10% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas I. Ostrover acquired 139,327 shares of Blue Owl Capital stock in a transaction on Tuesday, December 2nd. The stock was acquired at an average cost of $15.06 per share, for a total transaction of $2,098,264.62. Following the purchase, the chief executive officer owned 158,000 shares of the company’s stock, valued at approximately $2,379,480. This represents a 746.14% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 395,670 shares of company stock valued at $5,952,393. Company insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of OWL. Capital World Investors boosted its position in shares of Blue Owl Capital by 1.4% in the 3rd quarter. Capital World Investors now owns 85,216,556 shares of the company’s stock worth $1,442,725,000 after purchasing an additional 1,143,201 shares during the last quarter. Vanguard Group Inc. lifted its stake in Blue Owl Capital by 7.9% in the third quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock valued at $1,149,833,000 after buying an additional 4,968,526 shares during the period. Capital International Investors boosted its holdings in Blue Owl Capital by 3.5% during the third quarter. Capital International Investors now owns 62,726,334 shares of the company’s stock worth $1,061,999,000 after buying an additional 2,141,873 shares during the last quarter. Bank of America Corp DE grew its position in shares of Blue Owl Capital by 8.4% during the 3rd quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock worth $382,008,000 after buying an additional 1,751,024 shares during the period. Finally, Boston Partners increased its stake in shares of Blue Owl Capital by 121.9% in the 3rd quarter. Boston Partners now owns 12,153,776 shares of the company’s stock valued at $205,493,000 after acquiring an additional 6,677,610 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

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.