Blue Owl Capital (NYSE:OWL) Reaches New 1-Year Low – Should You Sell?

Blue Owl Capital Inc. (NYSE:OWL) shares hit a new 52-week low during trading on Monday . The stock traded as low as $8.55 and last traded at $8.6450, with a volume of 9011940 shares traded. The stock had previously closed at $8.75.

Analyst Upgrades and Downgrades

OWL has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their price target on shares of Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Zacks Research lowered Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Citigroup reissued an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, January 27th. Barclays reissued an “equal weight” rating and issued a $11.00 price target (down from $15.00) on shares of Blue Owl Capital in a research report on Monday, March 2nd. Finally, TD Cowen restated a “buy” rating on shares of Blue Owl Capital in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Blue Owl Capital Price Performance

The stock has a market capitalization of $13.56 billion, a P/E ratio of 87.26, a PEG ratio of 0.77 and a beta of 1.15. The company’s 50 day simple moving average is $12.83 and its two-hundred day simple moving average is $15.08.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $701.47 million during the quarter, compared to analysts’ expectations of $712.75 million. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. On average, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 20th were given a $0.225 dividend. The ex-dividend date was Friday, February 20th. This represents a $0.90 annualized dividend and a yield of 10.3%. Blue Owl Capital’s payout ratio is presently 900.00%.

Institutional Trading of Blue Owl Capital

Several large investors have recently made changes to their positions in OWL. Arax Advisory Partners bought a new position in shares of Blue Owl Capital in the fourth quarter valued at about $25,000. Roxbury Financial LLC increased its position in Blue Owl Capital by 383.6% in the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after acquiring an additional 1,400 shares in the last quarter. Toronto Dominion Bank acquired a new stake in Blue Owl Capital in the 4th quarter valued at about $26,000. Parkside Financial Bank & Trust raised its stake in shares of Blue Owl Capital by 117.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after acquiring an additional 867 shares during the last quarter. Finally, Lavaca Capital LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth about $28,000. Institutional investors 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.