Blue Owl Capital (NYSE:OWL) Sets New 1-Year Low – What’s Next?

Blue Owl Capital Inc. (NYSE:OWL)’s stock price reached a new 52-week low on Friday . The stock traded as low as $14.38 and last traded at $14.8350, with a volume of 1944998 shares trading hands. The stock had previously closed at $14.82.

Analysts Set New Price Targets

Several analysts have recently weighed in on OWL shares. Piper Sandler dropped their price target on shares of Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Raymond James Financial initiated coverage on Blue Owl Capital in a report on Monday, July 28th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. increased their price objective on Blue Owl Capital from $21.50 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Barclays cut their target price on Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, BMO Capital Markets started coverage on Blue Owl Capital in a research note on Friday, October 3rd. They issued an “outperform” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Blue Owl Capital Price Performance

The business has a 50 day simple moving average of $16.85 and a 200 day simple moving average of $18.31. The company has a market capitalization of $23.00 billion, a price-to-earnings ratio of 246.96, a PEG ratio of 1.12 and a beta of 1.12.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $687.00 million during the quarter, compared to analysts’ expectations of $685.95 million. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%. On average, equities research analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.225 per share. The ex-dividend date is Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a yield of 6.1%. Blue Owl Capital’s dividend payout ratio is 1,500.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Blue Owl Capital during the 2nd quarter worth about $183,294,000. Vanguard Group Inc. grew its position in shares of Blue Owl Capital by 13.5% during the first quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company’s stock worth $1,210,674,000 after buying an additional 7,206,495 shares in the last quarter. Boston Partners increased its stake in shares of Blue Owl Capital by 121.9% during the third quarter. Boston Partners now owns 12,153,776 shares of the company’s stock worth $205,493,000 after buying an additional 6,677,610 shares during the period. HMI Capital Management L.P. grew its holdings in Blue Owl Capital by 276.8% during the 2nd quarter. HMI Capital Management L.P. now owns 5,704,480 shares of the company’s stock worth $109,583,000 after acquiring an additional 4,190,380 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of Blue Owl Capital by 587.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 3,033,874 shares of the company’s stock valued at $58,281,000 after purchasing an additional 2,592,231 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Company Profile

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.