Blue Owl Capital (NYSE:OWL) Stock Rating Upgraded by Zacks Research

Blue Owl Capital (NYSE:OWL) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Citizens Jmp lowered their target price on shares of 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. Oppenheimer dropped their price target on shares of Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. JPMorgan Chase & Co. dropped their price target on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Evercore set a $14.00 price objective on shares of Blue Owl Capital in a research report on Friday, February 6th. Finally, BMO Capital Markets dropped their price objective on shares of Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.04.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $9.90 on Wednesday. Blue Owl Capital has a fifty-two week low of $7.95 and a fifty-two week high of $21.08. The company has a market cap of $15.39 billion, a PE ratio of 82.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.19. The firm has a fifty day moving average price of $9.40 and a two-hundred day moving average price of $12.23.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share (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 analysts’ expectations of $687.23 million. Analysts expect that Blue Owl Capital will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of OWL. Bessemer Group Inc. raised its holdings in Blue Owl Capital by 20.3% during the 3rd quarter. Bessemer Group Inc. now owns 4,967 shares of the company’s stock worth $84,000 after buying an additional 838 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in shares of Blue Owl Capital by 1.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 76,939 shares of the company’s stock valued at $1,149,000 after purchasing an additional 909 shares during the last quarter. Halbert Hargrove Global Advisors LLC raised its holdings in shares of Blue Owl Capital by 83.5% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 910 shares during the last quarter. VestGen Advisors LLC increased its holdings in Blue Owl Capital by 5.4% during the fourth quarter. VestGen Advisors LLC now owns 17,850 shares of the company’s stock worth $267,000 after buying an additional 912 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in Blue Owl Capital by 26.0% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,970 shares of the company’s stock worth $84,000 after buying an additional 1,027 shares during the last quarter. 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.