Oppenheimer Cuts Blue Owl Capital (NYSE:OWL) Price Target to $17.00

Blue Owl Capital (NYSE:OWL) had its target price decreased by equities researchers at Oppenheimer from $24.00 to $17.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective points to a potential upside of 65.05% from the company’s previous close.

A number of other research analysts also recently commented on the company. TD Cowen restated a “buy” rating on shares of Blue Owl Capital in a research note on Wednesday, January 14th. Wolfe Research set a $20.00 price target on shares of Blue Owl Capital in a report on Wednesday, January 7th. The Goldman Sachs Group lowered their price target on shares of Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. UBS Group cut their price objective on shares of Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Finally, Zacks Research lowered 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 given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Blue Owl Capital Stock Down 3.6%

OWL opened at $10.30 on Wednesday. The firm’s 50 day moving average is $13.74 and its 200-day moving average is $15.59. The firm has a market capitalization of $16.01 billion, a P/E ratio of 103.01, a P/E/G ratio of 0.89 and a beta of 1.15. Blue Owl Capital has a 52-week low of $9.73 and a 52-week high of $21.88.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. The company had revenue of $701.47 million for the quarter, compared to the consensus estimate of $712.75 million. Equities analysts expect that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Blue Owl Capital

A number of large investors have recently made changes to their positions in OWL. Tempo Wealth LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth about $237,000. MidFirst Bank bought a new position in Blue Owl Capital in the fourth quarter valued at approximately $1,175,000. Alberta Investment Management Corp bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $1,273,000. NewEdge Advisors LLC grew its stake in shares of Blue Owl Capital by 11.8% during the fourth quarter. NewEdge Advisors LLC now owns 354,023 shares of the company’s stock worth $5,289,000 after purchasing an additional 37,412 shares during the period. Finally, Cat Rock Capital Management LP increased its holdings in Blue Owl Capital by 0.6% in the fourth quarter. Cat Rock Capital Management LP now owns 1,220,586 shares of the company’s stock valued at $18,236,000 after purchasing an additional 7,840 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

About Blue Owl Capital

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.