Blue Owl Capital (NYSE:OWL) Stock Rating Upgraded by UBS Group

by · The Cerbat Gem

Blue Owl Capital (NYSE:OWL – Get Free Report) was upgraded by analysts at UBS Group to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Several other research analysts have also commented on OWL. Evercore ISI reduced their price target on Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. JPMorgan Chase & Co. raised their price target on Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, October 21st. The Goldman Sachs Group dropped their price target on shares of Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Finally, Oppenheimer set a $25.00 price target on Blue Owl Capital and gave the stock an “outperform” rating in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Check Out Our Latest Report on Blue Owl Capital

Blue Owl Capital Stock Down 2.9%

Shares of NYSE OWL traded down $0.47 during midday trading on Thursday, reaching $15.64. 15,326,304 shares of the stock were exchanged, compared to its average volume of 15,122,910. The firm has a market cap of $24.39 billion, a price-to-earnings ratio of 260.71, a PEG ratio of 1.38 and a beta of 1.13. Blue Owl Capital has a twelve month low of $13.25 and a twelve month high of $26.73. The firm has a 50-day simple moving average of $15.64 and a two-hundred day simple moving average of $17.77.

Blue Owl Capital (NYSE:OWL – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $687.00 million for the quarter, compared to the consensus estimate of $685.95 million. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. Research analysts expect that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Insider Buying and Selling at Blue Owl Capital

In related news, insider Craig Packer purchased 110,227 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, December 2nd. The shares were purchased at an average cost of $15.06 per share, with a total value of $1,660,018.62. Following the transaction, the insider owned 94,000 shares of the company’s stock, valued at approximately $1,415,640. The trade was a -679.28% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Alan Kirshenbaum bought 33,670 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was purchased at an average price of $14.87 per share, with a total value of $500,672.90. Following the completion of the purchase, the chief financial officer directly owned 33,670 shares of the company’s stock, valued at approximately $500,672.90. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 395,670 shares of company stock valued at $5,952,393. 27.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Blue Owl Capital

A number of hedge funds and other institutional investors have recently modified their holdings of OWL. Chicago Partners Investment Group LLC raised its stake in Blue Owl Capital by 8.1% during the second quarter. Chicago Partners Investment Group LLC now owns 601,768 shares of the company’s stock valued at $12,288,000 after buying an additional 45,261 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Blue Owl Capital by 17.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 189,397 shares of the company’s stock valued at $3,638,000 after acquiring an additional 27,995 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Blue Owl Capital by 4.0% during the second quarter. Envestnet Asset Management Inc. now owns 954,764 shares of the company’s stock worth $18,341,000 after purchasing an additional 36,784 shares during the last quarter. Geode Capital Management LLC lifted its stake in Blue Owl Capital by 14.6% during the second quarter. Geode Capital Management LLC now owns 10,293,279 shares of the company’s stock worth $197,766,000 after purchasing an additional 1,313,108 shares during the last quarter. Finally, Advent International L.P. boosted its holdings in Blue Owl Capital by 14.2% in the first quarter. Advent International L.P. now owns 4,600,905 shares of the company’s stock worth $92,202,000 after purchasing an additional 570,905 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Company Profile

(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.

Featured Stories