Blue Owl Capital (NYSE:OWL) Earns “Equal Weight” Rating from Barclays

Blue Owl Capital (NYSE:OWL)‘s stock had its “equal weight” rating restated by research analysts at Barclays in a note issued to investors on Monday, Marketbeat.com reports. They presently have a $11.00 target price on the stock, down from their previous target price of $15.00. Barclays‘s price target would indicate a potential upside of 4.41% from the stock’s current price.

Other research analysts have also issued reports about the stock. Oppenheimer decreased their price target on shares of Blue Owl Capital from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Evercore set a $14.00 target price on Blue Owl Capital in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft lowered Blue Owl Capital from a “buy” rating to a “hold” rating and lowered their price target for the stock from $15.00 to $10.00 in a research note on Tuesday, February 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, January 21st. Finally, Zacks Research cut shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.44.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $10.54 on Monday. The company’s fifty day moving average price is $13.95 and its 200 day moving average price is $15.72. Blue Owl Capital has a 1 year low of $10.08 and a 1 year high of $21.89. The stock has a market capitalization of $16.38 billion, a P/E ratio of 105.36, a P/E/G ratio of 0.88 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The business 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 20.93%. Sell-side analysts predict that Blue Owl Capital will post 0.92 EPS for the current year.

Insider Activity

In other Blue Owl Capital news, CEO Douglas I. Ostrover bought 139,327 shares of Blue Owl Capital stock in a transaction on Tuesday, December 2nd. The shares were bought at an average price of $15.06 per share, for a total transaction of $2,098,264.62. Following the completion of the transaction, the chief executive officer directly owned 158,000 shares of the company’s stock, valued at $2,379,480. This trade represents a 746.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Marc S. Lipschultz purchased 69,663 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average cost of $15.06 per share, for a total transaction of $1,049,124.78. Following the purchase, the chief executive officer owned 79,000 shares in the company, valued at approximately $1,189,740. The trade was a 746.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 319,217 shares of company stock valued at $4,807,408. 27.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OWL. Tempo Wealth LLC purchased a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $237,000. MidFirst Bank acquired a new stake in Blue Owl Capital in the 4th quarter valued at approximately $1,175,000. Alberta Investment Management Corp purchased a new stake in Blue Owl Capital in the fourth quarter valued at approximately $1,273,000. NewEdge Advisors LLC raised its position in Blue Owl Capital by 11.8% in the fourth quarter. NewEdge Advisors LLC now owns 354,023 shares of the company’s stock valued at $5,289,000 after purchasing an additional 37,412 shares during the period. Finally, Cat Rock Capital Management LP lifted its stake in Blue Owl Capital by 0.6% during the fourth quarter. Cat Rock Capital Management LP now owns 1,220,586 shares of the company’s stock worth $18,236,000 after purchasing an additional 7,840 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.