Blue Owl Capital Inc. (NYSE:OWL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Blue Owl Capital Inc. (NYSE:OWL) have been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $13.1625.

A number of brokerages have weighed in on OWL. Weiss Ratings reiterated a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. TD Cowen reiterated a “buy” rating and issued a $14.00 target price on shares of Blue Owl Capital in a report on Monday, May 18th. Credit Suisse Group set a $9.10 price target on Blue Owl Capital in a research report on Thursday, July 2nd. UBS Group restated a “neutral” rating and set a $9.50 price target on shares of Blue Owl Capital in a research note on Thursday, June 11th. Finally, Capital One Financial set a $11.00 price objective on Blue Owl Capital in a research note on Monday.

Blue Owl Capital Price Performance

NYSE OWL opened at $9.52 on Friday. The company has a market cap of $14.80 billion, a P/E ratio of 79.33, a P/E/G ratio of 1.04 and a beta of 1.22. Blue Owl Capital has a 12 month low of $7.95 and a 12 month high of $20.99. The company has a 50-day moving average of $9.54 and a 200-day moving average of $10.79.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The business had revenue of $699.88 million for the quarter, compared to analysts’ expectations of $687.23 million. As a group, equities research analysts anticipate that Blue Owl Capital will post 0.87 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $0.23 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.92 dividend on an annualized basis and a yield of 9.7%. Blue Owl Capital’s dividend payout ratio is currently 766.67%.

Institutional Investors Weigh In On Blue Owl Capital

Several large investors have recently made changes to their positions in the business. Hsbc Holdings PLC lifted its holdings in Blue Owl Capital by 129.4% during the 4th quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock worth $3,590,000 after buying an additional 135,184 shares during the last quarter. Verity & Verity LLC increased its holdings in shares of 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 acquiring an additional 322,530 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab raised its position in shares of Blue Owl Capital by 7.8% during the 4th quarter. Danica Pension Livsforsikringsaktieselskab now owns 4,149,597 shares of the company’s stock valued at $61,995,000 after acquiring an additional 300,000 shares in the last quarter. Diversify Wealth Management LLC lifted its stake in Blue Owl Capital by 86.3% during the first quarter. Diversify Wealth Management LLC now owns 456,458 shares of the company’s stock worth $4,053,000 after purchasing an additional 211,419 shares during the last quarter. Finally, Leonteq Securities AG lifted its stake in Blue Owl Capital by 842.3% during the first quarter. Leonteq Securities AG now owns 375,708 shares of the company’s stock worth $3,430,000 after purchasing an additional 335,838 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

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.