Blue Owl Capital Inc. (NYSE:OWL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Blue Owl Capital Inc. (NYSE:OWL) has received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $13.5687.

A number of equities research analysts have commented on the stock. Capital One Financial set a $12.00 price target on shares of Blue Owl Capital in a report on Monday, August 3rd. The Goldman Sachs Group upped their price objective on shares of Blue Owl Capital from $9.50 to $10.50 and gave the company a “neutral” rating in a report on Monday, August 3rd. Barclays increased their price objective on shares of Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Keefe, Bruyette & Woods upgraded Blue Owl Capital to a “hold” rating in a research note on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th.

Blue Owl Capital Stock Performance

Shares of OWL opened at $10.57 on Friday. The firm has a market cap of $16.48 billion, a PE ratio of 88.10, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22. Blue Owl Capital has a 52-week low of $7.95 and a 52-week high of $19.29. The business’s 50 day moving average price is $10.82 and its two-hundred day moving average price is $9.96.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $693.56 million during the quarter, compared to the consensus estimate of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. Research analysts predict that Blue Owl Capital will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend was Thursday, August 13th. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

Hedge Funds Weigh In On Blue Owl Capital

A number of large investors have recently modified their holdings of OWL. Edgestream Partners L.P. lifted its holdings in Blue Owl Capital by 374.3% during the first quarter. Edgestream Partners L.P. now owns 254,565 shares of the company’s stock worth $2,324,000 after acquiring an additional 200,896 shares during the period. Hsbc Holdings PLC boosted its position in Blue Owl Capital by 129.4% in the fourth quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock worth $3,590,000 after purchasing an additional 135,184 shares during the last quarter. Renaissance Technologies LLC grew its stake in Blue Owl Capital by 2,107.1% in the 1st quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock valued at $55,375,000 after purchasing an additional 5,790,400 shares during the period. Verity & Verity LLC grew its stake in Blue Owl Capital by 45.2% in the 4th quarter. Verity & Verity LLC now owns 1,036,594 shares of the company’s stock valued at $15,487,000 after purchasing an additional 322,530 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Blue Owl Capital by 38.8% during the 1st quarter. Royal Bank of Canada now owns 892,317 shares of the company’s stock valued at $8,147,000 after purchasing an additional 249,461 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

About Blue Owl Capital

Blue Owl Capital Inc (NYSE: OWL) is a global alternative asset manager that provides private market investment solutions to institutional investors, financial professionals, family offices and high-net-worth individuals. The firm focuses on strategies designed to generate income, long-term capital appreciation and portfolio diversification outside traditional public markets.

Blue Owl’s platform includes direct lending and other private credit strategies, which provide financing to middle-market companies and other borrowers.