Blue Owl Capital (NYSE:OWL) Reaches New 12-Month Low – Here’s What Happened

Blue Owl Capital Inc. (NYSE:OWL)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $10.08 and last traded at $10.5050, with a volume of 5272446 shares. The stock had previously closed at $10.55.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Piper Sandler reduced their price target on Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Raymond James Financial reissued a “strong-buy” rating on shares of Blue Owl Capital in a research report on Thursday, February 19th. Wolfe Research set a $20.00 price target on shares of Blue Owl Capital in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, January 21st. Finally, Oppenheimer decreased their price objective on shares of Blue Owl Capital from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.44.

Blue Owl Capital Stock Performance

The stock has a market capitalization of $16.01 billion, a P/E ratio of 103.01, a PEG ratio of 0.89 and a beta of 1.15. The business has a fifty day simple moving average of $13.74 and a 200-day simple moving average of $15.59.

Blue Owl Capital (NYSE:OWL) last released 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 for 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 anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend was Friday, February 20th. Blue Owl Capital’s payout ratio is presently 900.00%.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds have recently added to or reduced their stakes in the company. Arax Advisory Partners acquired a new stake in Blue Owl Capital in the 4th quarter valued at $25,000. Roxbury Financial LLC lifted 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. Toronto Dominion Bank acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at about $26,000. Parkside Financial Bank & Trust increased its position in shares of Blue Owl Capital by 117.0% during 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 in the last quarter. Finally, Lavaca Capital LLC bought a new position in Blue Owl Capital in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

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.