Blue Owl Capital (NYSE:OWL) Rating Increased to Hold at Zacks Research

Blue Owl Capital (NYSE:OWL) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

OWL has been the topic of several other reports. JPMorgan Chase & Co. reduced their target price on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. TD Cowen reissued a “buy” rating and issued a $14.00 price target on shares of Blue Owl Capital in a research report on Monday, May 18th. Citizens Jmp lowered their price target on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. Barclays increased their price target on Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Finally, BMO Capital Markets decreased their target price on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.04.

Blue Owl Capital Stock Down 2.2%

OWL stock opened at $9.90 on Wednesday. The company has a market cap of $15.39 billion, a PE ratio of 82.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.19. Blue Owl Capital has a 52 week low of $7.95 and a 52 week high of $21.08. The business has a 50-day simple moving average of $9.40 and a 200 day simple moving average of $12.23.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The firm had revenue of $699.88 million during the quarter, compared to the consensus estimate of $687.23 million. On average, analysts anticipate that Blue Owl Capital will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Blue Owl Capital

A number of large investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Blue Owl Capital during the fourth quarter valued at approximately $140,643,000. William Blair Investment Management LLC bought a new stake in Blue Owl Capital in the fourth quarter worth $113,782,000. Boston Partners boosted its holdings 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 boosted its holdings 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 raised its stake in shares of Blue Owl Capital by 5.9% in the fourth quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock worth $1,348,272,000 after purchasing 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 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.