Oppenheimer Has Lowered Expectations for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its price objective cut by stock analysts at Oppenheimer from $24.00 to $17.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price target indicates a potential upside of 65.05% from the company’s previous close.

Several other research firms also recently issued reports on OWL. UBS Group dropped their price target on Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Citigroup reissued an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft downgraded Blue Owl Capital from a “buy” rating to a “hold” rating and reduced their price target for the stock from $15.00 to $10.00 in a research report on Tuesday, February 24th. Raymond James Financial reiterated a “strong-buy” rating on shares of Blue Owl Capital in a report on Thursday, February 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average target price of $18.00.

Blue Owl Capital Stock Performance

Shares of OWL opened at $10.30 on Wednesday. The stock has a 50 day simple moving average of $13.74 and a 200 day simple moving average of $15.59. Blue Owl Capital has a 52-week low of $9.73 and a 52-week high of $21.88. The firm has a market capitalization of $16.01 billion, a PE ratio of 103.01, a P/E/G ratio of 0.89 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $701.47 million for the quarter, compared to analyst estimates of $712.75 million. Equities research analysts predict that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds have recently bought and sold shares of OWL. Tempo Wealth LLC bought a new position in Blue Owl Capital during the fourth quarter worth about $237,000. MidFirst Bank acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $1,175,000. Alberta Investment Management Corp bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $1,273,000. NewEdge Advisors LLC increased its holdings in shares of Blue Owl Capital by 11.8% during the 4th quarter. NewEdge Advisors LLC now owns 354,023 shares of the company’s stock worth $5,289,000 after acquiring an additional 37,412 shares during the last quarter. Finally, Cat Rock Capital Management LP raised its stake in Blue Owl Capital by 0.6% in the 4th quarter. Cat Rock Capital Management LP now owns 1,220,586 shares of the company’s stock valued at $18,236,000 after acquiring an additional 7,840 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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.