Blue Owl Capital (NYSE:OWL) Hits New 52-Week Low – Here’s Why

Blue Owl Capital Inc. (NYSE:OWL)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $9.56 and last traded at $9.67, with a volume of 6432245 shares traded. The stock had previously closed at $9.89.

Analyst Ratings Changes

A number of analysts have commented on OWL shares. Barclays reissued an “equal weight” rating and issued a $11.00 target price (down from $15.00) on shares of Blue Owl Capital in a report on Monday, March 2nd. Oppenheimer reduced their price objective on Blue Owl Capital from $24.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Wolfe Research set a $20.00 target price on shares of Blue Owl Capital in a research note on Wednesday, January 7th. UBS Group reduced their price target on shares of Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Finally, Evercore set a $14.00 price objective on shares of Blue Owl Capital in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Blue Owl Capital Trading Down 2.6%

The firm has a market capitalization of $14.97 billion, a P/E ratio of 96.31, a P/E/G ratio of 0.82 and a beta of 1.15. The stock has a 50 day simple moving average of $13.43 and a 200-day simple moving average of $15.41.

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, topping analysts’ consensus estimates of $0.22 by $0.05. The company 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%. As a group, sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 9.3%. Blue Owl Capital’s payout ratio is presently 900.00%.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its position in shares of Blue Owl Capital by 129.4% in the fourth quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock valued at $3,590,000 after acquiring an additional 135,184 shares in the last quarter. Tempo Wealth LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at approximately $237,000. MidFirst Bank bought a new stake in Blue Owl Capital during the 4th quarter valued at approximately $1,175,000. Alberta Investment Management Corp purchased a new position in Blue Owl Capital in the 4th quarter worth approximately $1,273,000. Finally, NewEdge Advisors LLC boosted its stake in Blue Owl Capital by 11.8% in the 4th 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. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

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.