Blue Owl Capital Inc. (NYSE:OWL) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Blue Owl Capital Inc. (NYSE:OWL) have received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $14.0357.

OWL has been the subject of several research analyst reports. Barclays lifted their price objective on Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Citizens Jmp dropped their price objective on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a research note on Thursday, June 18th. JPMorgan Chase & Co. dropped their price objective on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Finally, UBS Group reissued a “neutral” rating and set a $9.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 11th.

Blue Owl Capital Trading Up 1.1%

OWL stock opened at $8.58 on Tuesday. The firm has a 50 day moving average of $9.70 and a 200-day moving average of $11.48. Blue Owl Capital has a 12 month low of $7.95 and a 12 month high of $21.08. The firm has a market capitalization of $13.33 billion, a P/E ratio of 71.47, a price-to-earnings-growth ratio of 0.90 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The company had revenue of $699.88 million during the quarter, compared to analyst estimates of $687.23 million. Sell-side analysts predict that Blue Owl Capital will post 0.88 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 13th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 10.7%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its holdings in shares of Blue Owl Capital by 333.9% in the 1st quarter. Parallel Advisors LLC now owns 34,786 shares of the company’s stock worth $318,000 after acquiring an additional 26,769 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Blue Owl Capital by 21.2% in the 1st quarter. NewEdge Advisors LLC now owns 428,949 shares of the company’s stock worth $3,916,000 after acquiring an additional 74,926 shares during the last quarter. Caerus Investment Advisors LLC bought a new stake in shares of Blue Owl Capital in the 1st quarter worth approximately $161,000. Essential Partners LLC lifted its holdings in shares of Blue Owl Capital by 739.7% in the 1st quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock worth $29,000 after acquiring an additional 2,833 shares during the last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of Blue Owl Capital in the 1st quarter worth approximately $51,000. 35.85% of the stock is currently owned by institutional investors.

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.