Blue Owl Capital (NYSE:OWL) Sets New 1-Year Low – What’s Next?

by · The Cerbat Gem

Blue Owl Capital Inc. (NYSE:OWL – Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as $14.38 and last traded at $14.8350, with a volume of 1944998 shares. The stock had previously closed at $14.82.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OWL. BMO Capital Markets began coverage on Blue Owl Capital in a research report on Friday, October 3rd. They set an “outperform” rating and a $18.00 price target for the company. Piper Sandler dropped their price objective on shares of Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th. JPMorgan Chase & Co. increased their price target on shares of Blue Owl Capital from $21.50 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

View Our Latest Stock Report on Blue Owl Capital

Blue Owl Capital Trading Up 0.2%

The company has a fifty day moving average of $16.85 and a 200-day moving average of $18.31. The company has a market capitalization of $23.00 billion, a price-to-earnings ratio of 246.96, a PEG ratio of 1.12 and a beta of 1.12.

Blue Owl Capital (NYSE:OWL – Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $687.00 million during the quarter, compared to analysts’ expectations of $685.95 million. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%. As a group, equities research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 10th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Monday, November 10th. Blue Owl Capital’s dividend payout ratio is 1,500.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OWL. Parkside Financial Bank & Trust increased its holdings 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 valued at $27,000 after purchasing an additional 867 shares during the last quarter. Banque Transatlantique SA purchased a new stake in Blue Owl Capital in the 1st quarter valued at $31,000. SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital in the 1st quarter worth $38,000. Cullen Frost Bankers Inc. increased its stake in shares of Blue Owl Capital by 39.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock worth $42,000 after acquiring an additional 583 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Blue Owl Capital by 70.5% during the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company’s stock worth $45,000 after acquiring an additional 998 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

About Blue Owl Capital

(Get Free Report)

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.

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