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

Blue Owl Capital Inc. (NYSE:OWL) has been given a consensus rating of “Moderate Buy” by the sixteen research firms that are currently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $13.1625.

A number of research firms recently commented on OWL. Citizens Jmp decreased their target price on Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. BMO Capital Markets cut their price target on Blue Owl Capital from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, July 13th. UBS Group reaffirmed a “neutral” rating and issued a $9.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 11th. Credit Suisse Group set a $9.10 price objective on Blue Owl Capital in a report on Thursday, July 2nd. Finally, TD Cowen reissued a “buy” rating and issued a $14.00 target price on shares of Blue Owl Capital in a report on Monday, May 18th.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently made changes to their positions in OWL. Norges Bank purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at about $140,643,000. William Blair Investment Management LLC purchased a new position in Blue Owl Capital in the fourth quarter worth about $113,782,000. Boston Partners grew its position in Blue Owl Capital by 121.9% in the third quarter. Boston Partners now owns 12,153,776 shares of the company’s stock worth $205,493,000 after acquiring an additional 6,677,610 shares in the last quarter. Renaissance Technologies LLC grew its position in Blue Owl Capital by 2,107.1% in the first quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock worth $55,375,000 after acquiring an additional 5,790,400 shares in the last quarter. Finally, Capital World Investors increased its stake in Blue Owl Capital by 5.9% during the fourth quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock worth $1,348,272,000 after acquiring an additional 5,029,134 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL opened at $9.16 on Friday. The firm has a fifty day moving average price of $9.50 and a 200 day moving average price of $10.64. Blue Owl Capital has a fifty-two week low of $7.95 and a fifty-two week high of $20.68. The firm has a market cap of $14.25 billion, a price-to-earnings ratio of 76.38, a P/E/G ratio of 1.01 and a beta of 1.22.

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

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 10.0%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

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.