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

Blue Owl Capital (NYSE:OWL) had its target price cut by Barclays from $11.00 to $9.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 6.58% from the company’s current price.

A number of other equities analysts also recently commented on OWL. Deutsche Bank Aktiengesellschaft downgraded shares of Blue Owl Capital from a “buy” rating to a “hold” rating and reduced their target price for the stock from $15.00 to $10.00 in a report on Tuesday, February 24th. TD Cowen reduced their target price on shares of Blue Owl Capital from $16.00 to $14.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Raymond James Financial restated a “strong-buy” rating on shares of Blue Owl Capital in a report on Thursday, February 19th. Wolfe Research set a $20.00 price objective on shares of Blue Owl Capital in a report on Wednesday, January 7th. Finally, Citigroup restated an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.03.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded down $0.03 during trading hours on Wednesday, reaching $8.44. The stock had a trading volume of 9,780,622 shares, compared to its average volume of 28,612,064. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 84.16, a PEG ratio of 0.78 and a beta of 1.21. The business’s 50 day moving average price is $10.57 and its 200-day moving average price is $13.93. Blue Owl Capital has a 52 week low of $7.95 and a 52 week high of $21.08.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, February 5th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $701.47 million during the quarter, compared to the consensus estimate of $712.75 million. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. On average, sell-side analysts forecast that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OWL. Parkside Financial Bank & Trust increased its stake in shares of Blue Owl Capital by 117.0% in the 3rd 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. Arax Advisory Partners acquired a new position in Blue Owl Capital during the fourth quarter worth approximately $25,000. Toronto Dominion Bank acquired a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $26,000. Roxbury Financial LLC boosted its stake in shares of 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 buying an additional 1,400 shares in the last quarter. Finally, Lavaca Capital LLC purchased a new stake in Blue Owl Capital during the fourth quarter worth $28,000. 35.85% of the stock is 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.