Blue Owl Capital (NYSE:OWL) Reaches New 1-Year Low – Should You Sell?

Blue Owl Capital Inc. (NYSE:OWL) shares hit a new 52-week low during trading on Monday . The company traded as low as $8.55 and last traded at $8.6450, with a volume of 9011940 shares trading hands. The stock had previously closed at $8.75.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OWL shares. Citigroup reiterated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, January 27th. Zacks Research cut shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Evercore set a $14.00 price target on shares of Blue Owl Capital in a research note on Friday, February 6th. UBS Group cut their price objective on Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Finally, Piper Sandler reduced their price objective on Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Blue Owl Capital Price Performance

The stock has a market capitalization of $13.56 billion, a price-to-earnings ratio of 87.26, a PEG ratio of 0.77 and a beta of 1.15. The stock’s 50 day simple moving average is $12.83 and its 200-day simple moving average is $15.08.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The company had revenue of $701.47 million for the quarter, compared to analyst estimates 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, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 10.3%. The ex-dividend date was Friday, February 20th. Blue Owl Capital’s dividend payout ratio is 900.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in Blue Owl Capital by 50.0% during the first quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock worth $7,976,000 after purchasing an additional 132,637 shares during the period. Vise Technologies Inc. acquired a new stake in shares of Blue Owl Capital in the second quarter worth $276,000. SBI Securities Co. Ltd. lifted its stake in shares of Blue Owl Capital by 14.8% in the second quarter. SBI Securities Co. Ltd. now owns 13,547 shares of the company’s stock worth $260,000 after buying an additional 1,743 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Blue Owl Capital by 14.6% during the 2nd quarter. Geode Capital Management LLC now owns 10,293,279 shares of the company’s stock worth $197,766,000 after buying an additional 1,313,108 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey grew its stake in Blue Owl Capital by 22.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 93,158 shares of the company’s stock valued at $1,790,000 after buying an additional 16,932 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.