Blue Owl Capital (NYSE:OWL) Stock Price Up 8.6% – Here’s Why

Blue Owl Capital Inc. (NYSE:OWL)’s stock price rose 8.6% during trading on Wednesday . The stock traded as high as $9.89 and last traded at $9.9550. Approximately 26,971,159 shares traded hands during trading, a decline of 6% from the average daily volume of 28,685,633 shares. The stock had previously closed at $9.17.

Analyst Upgrades and Downgrades

OWL has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a report on Wednesday, January 21st. UBS Group dropped their target price on Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Barclays dropped their target price on Blue Owl Capital from $11.00 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Oppenheimer dropped their target price on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday. Finally, BMO Capital Markets dropped their target price on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.97.

Blue Owl Capital Trading Down 2.6%

The stock has a market capitalization of $15.02 billion, a PE ratio of 96.60, a PEG ratio of 1.08 and a beta of 1.21. The firm’s 50-day simple moving average is $9.98 and its two-hundred day simple moving average is $13.55.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.27 EPS for the quarter, beating the consensus estimate 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 business had revenue of $701.47 million for the quarter, compared to analysts’ expectations of $712.75 million. As a group, research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current 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 issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 9.3%. The ex-dividend date was Friday, February 20th. Blue Owl Capital’s payout ratio is currently 900.00%.

Institutional Investors Weigh In On Blue Owl Capital

Large investors have recently bought and sold shares of the business. Evolve Private Wealth LLC lifted its position in Blue Owl Capital by 78.4% during the 1st quarter. Evolve Private Wealth LLC now owns 19,419 shares of the company’s stock worth $177,000 after acquiring an additional 8,534 shares during the last quarter. Diversified Trust Co lifted its position in Blue Owl Capital by 13.0% during the 1st quarter. Diversified Trust Co now owns 55,287 shares of the company’s stock worth $505,000 after acquiring an additional 6,369 shares during the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in Blue Owl Capital during the 1st quarter worth $2,118,000. Hsbc Holdings PLC lifted its position in Blue Owl Capital by 129.4% during the 4th quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock worth $3,590,000 after acquiring an additional 135,184 shares during the last quarter. Finally, Fund Advisors of America Inc FL acquired a new position in Blue Owl Capital during the 4th quarter worth $474,000. 35.85% of the stock is currently owned by 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.