Blue Owl Capital (NYSE:OWL) Sets New 12-Month Low – Should You Sell?

Blue Owl Capital Inc. (NYSE:OWL)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $9.56 and last traded at $9.67, with a volume of 6432245 shares traded. The stock had previously closed at $9.89.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on OWL shares. Barclays reiterated an “equal weight” rating and set a $11.00 price target (down from $15.00) on shares of Blue Owl Capital in a research note on Monday, March 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a report on Wednesday, January 21st. UBS Group lowered their price objective on Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Oppenheimer cut their price objective on shares of Blue Owl Capital from $24.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Finally, TD Cowen restated a “buy” rating on shares of Blue Owl Capital in a research report on Wednesday, January 14th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Blue Owl Capital Price Performance

The company has a market cap of $14.72 billion, a P/E ratio of 94.67, a PEG ratio of 0.82 and a beta of 1.15. The firm’s 50-day moving average is $13.21 and its two-hundred day moving average is $15.28.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, February 5th. The company reported $0.27 earnings per share (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 firm had revenue of $701.47 million for the quarter, compared to analysts’ expectations of $712.75 million. As a group, sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 20th were given a dividend of $0.225 per share. The ex-dividend date was Friday, February 20th. This represents a $0.90 dividend on an annualized basis and a yield of 9.5%. Blue Owl Capital’s dividend payout ratio is 900.00%.

Institutional Investors Weigh In On Blue Owl Capital

Several institutional investors have recently modified their holdings of the stock. Insigneo Advisory Services LLC increased its position in shares of Blue Owl Capital by 2.7% during the 2nd quarter. Insigneo Advisory Services LLC now owns 19,521 shares of the company’s stock valued at $375,000 after purchasing an additional 516 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Blue Owl Capital by 7.3% in the third quarter. Nisa Investment Advisors LLC now owns 10,011 shares of the company’s stock worth $169,000 after buying an additional 685 shares during the last quarter. Park Avenue Securities LLC lifted its position in Blue Owl Capital by 5.6% in the third quarter. Park Avenue Securities LLC now owns 13,149 shares of the company’s stock worth $223,000 after buying an additional 699 shares during the last quarter. Kaizen Financial Strategies boosted its stake in Blue Owl Capital by 5.9% during the second quarter. Kaizen Financial Strategies now owns 13,155 shares of the company’s stock worth $253,000 after buying an additional 730 shares during the period. Finally, Bessemer Group Inc. increased its position in Blue Owl Capital by 20.3% during the third quarter. Bessemer Group Inc. now owns 4,967 shares of the company’s stock valued at $84,000 after acquiring an additional 838 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

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.