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

Blue Owl Capital Inc. (NYSE:OWL)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $8.55 and last traded at $8.6450, with a volume of 9011940 shares traded. The stock had previously closed at $8.75.

Analysts Set New Price Targets

A number of equities research analysts recently commented on OWL shares. Wolfe Research set a $20.00 price objective on shares of Blue Owl Capital in a research note on Wednesday, January 7th. Citigroup reaffirmed an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, January 27th. UBS Group lowered their price target on shares of Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft cut shares of Blue Owl Capital from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $15.00 to $10.00 in a research note on Tuesday, February 24th. Finally, Barclays restated an “equal weight” rating and set a $11.00 price objective (down from $15.00) on shares of Blue Owl Capital in a research report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average price target of $17.69.

Blue Owl Capital Stock Performance

The business has a 50-day moving average of $12.55 and a 200 day moving average of $14.94. The stock has a market cap of $14.57 billion, a PE ratio of 93.76, a PEG ratio of 0.78 and a beta of 1.15.

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. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. The company had revenue of $701.47 million for the quarter, compared to analyst estimates of $712.75 million. Equities analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.90 annualized dividend and a dividend yield of 9.6%. Blue Owl Capital’s dividend payout ratio is presently 900.00%.

Institutional Trading of Blue Owl Capital

Several hedge funds and other institutional investors have recently bought and sold shares of OWL. Royal Bank of Canada boosted its holdings in shares of Blue Owl Capital by 50.0% during the first quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock worth $7,976,000 after purchasing an additional 132,637 shares during the last quarter. Vise Technologies Inc. acquired a new position in Blue Owl Capital in the second quarter valued at $276,000. Geode Capital Management LLC increased its stake in Blue Owl Capital by 14.6% in the second quarter. Geode Capital Management LLC now owns 10,293,279 shares of the company’s stock valued at $197,766,000 after purchasing an additional 1,313,108 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in Blue Owl Capital by 22.2% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 93,158 shares of the company’s stock worth $1,790,000 after buying an additional 16,932 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in Blue Owl Capital during the second quarter worth about $293,000. 35.85% of the stock is owned by hedge funds and other 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.