Blue Owl Capital (NYSE:OWL – Get Free Report) had its price objective dropped by stock analysts at Barclays from $10.00 to $9.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential downside of 2.23% from the company’s previous close.
OWL has been the subject of several other research reports. BMO Capital Markets dropped their price objective on shares of 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. JPMorgan Chase & Co. dropped their target price on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Citizens Jmp cut their price target on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Piper Sandler cut their price target on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Finally, UBS Group reiterated a “neutral” rating and issued a $9.50 price target on shares of Blue Owl Capital in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.64.
Check Out Our Latest Research Report on OWL
Blue Owl Capital Stock Down 0.4%
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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The company had revenue of $699.88 million for the quarter, compared to analyst estimates of $687.23 million. As a group, equities analysts predict that Blue Owl Capital will post 0.88 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Blue Owl Capital
A number of hedge funds and other institutional investors have recently bought and sold shares of OWL. Arax Advisory Partners bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $25,000. Toronto Dominion Bank acquired a new position in Blue Owl Capital during the fourth quarter worth $26,000. Roxbury Financial LLC grew 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 valued at $26,000 after purchasing an additional 1,400 shares in the last quarter. Lavaca Capital LLC bought a new position in Blue Owl Capital in the fourth quarter valued at $28,000. Finally, Halbert Hargrove Global Advisors LLC increased its stake in Blue Owl Capital by 83.5% in the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after buying an additional 910 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.
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.
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