Blue Owl Capital Inc. (NYSE:OWL – Get Free Report) has earned an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $13.1625.
Several research analysts have recently commented on the company. BMO Capital Markets cut their price objective on Blue Owl Capital from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, July 13th. TD Cowen reiterated a “buy” rating and set a $14.00 price target on shares of Blue Owl Capital in a research report on Monday, May 18th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital to a “hold” rating in a research note on Monday, July 20th. The Goldman Sachs Group lowered their price objective on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Finally, Citizens Jmp cut their price objective on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th.
Check Out Our Latest Report on OWL
Blue Owl Capital Stock Performance
Blue Owl Capital (NYSE:OWL – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $699.88 million for the quarter, compared to the consensus estimate of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. As a group, sell-side analysts forecast that Blue Owl Capital will post 0.87 earnings per share for the current fiscal year.
Blue Owl Capital Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 9.7%. Blue Owl Capital’s payout ratio is presently 766.67%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Arax Advisory Partners purchased a new position in shares of Blue Owl Capital in the fourth quarter worth $25,000. Roxbury Financial LLC boosted its position in Blue Owl Capital by 383.6% in the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after purchasing an additional 1,400 shares during the last quarter. Toronto Dominion Bank bought a new stake in Blue Owl Capital during the fourth quarter valued at approximately $26,000. Lavaca Capital LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $28,000. Finally, Essential Partners LLC grew its holdings in Blue Owl Capital by 739.7% during the first quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock valued at $29,000 after purchasing an additional 2,833 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.
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.
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