Blue Owl Capital (NYSE:OWL) Given Equal Weight Rating at Barclays

Blue Owl Capital (NYSE:OWL)‘s stock had its “equal weight” rating reiterated by stock analysts at Barclays in a report released on Monday, MarketBeat Ratings reports. They currently have a $11.00 price target on the stock, down from their prior price target of $15.00. Barclays‘s price target suggests a potential upside of 4.41% from the company’s previous close.

A number of other analysts have also recently weighed in on OWL. Piper Sandler lowered their price objective on Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Raymond James Financial reissued a “strong-buy” rating on shares of Blue Owl Capital in a report on Thursday, February 19th. Evercore set a $14.00 price target on Blue Owl Capital in a research note on Friday, February 6th. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Citigroup reiterated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, January 27th. Two research 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.44.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $10.54 on Monday. The company’s 50-day simple moving average is $13.95 and its 200-day simple moving average is $15.72. Blue Owl Capital has a fifty-two week low of $10.08 and a fifty-two week high of $21.89. The stock has a market capitalization of $16.38 billion, a P/E ratio of 105.36, a P/E/G ratio of 0.88 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $701.47 million during the quarter, compared to analyst estimates of $712.75 million. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. On average, research analysts forecast that Blue Owl Capital will post 0.92 EPS for the current year.

Insider Buying and Selling at Blue Owl Capital

In related news, insider Craig Packer purchased 110,227 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average cost of $15.06 per share, with a total value of $1,660,018.62. Following the transaction, the insider owned 94,000 shares of the company’s stock, valued at approximately $1,415,640. This trade represents a -679.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marc S. Lipschultz acquired 69,663 shares of Blue Owl Capital stock in a transaction on Tuesday, December 2nd. The shares were bought at an average price of $15.06 per share, with a total value of $1,049,124.78. Following the purchase, the chief executive officer directly owned 79,000 shares in the company, valued at approximately $1,189,740. The trade was a 746.10% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 319,217 shares of company stock valued at $4,807,408. 27.44% of the stock is owned by insiders.

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in OWL. Royal Bank of Canada increased its holdings in shares of Blue Owl Capital by 50.0% during the 1st quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock valued at $7,976,000 after purchasing an additional 132,637 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Blue Owl Capital by 63.6% during the second quarter. Nisa Investment Advisors LLC now owns 9,326 shares of the company’s stock valued at $179,000 after buying an additional 3,626 shares during the period. Envestnet Asset Management Inc. increased its holdings in Blue Owl Capital by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 954,764 shares of the company’s stock valued at $18,341,000 after buying an additional 36,784 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Blue Owl Capital by 14.4% in the second quarter. Teacher Retirement System of Texas now owns 90,259 shares of the company’s stock worth $1,734,000 after acquiring an additional 11,378 shares during the period. Finally, Keybank National Association OH raised its position in shares of Blue Owl Capital by 5.2% in the second quarter. Keybank National Association OH now owns 18,326 shares of the company’s stock worth $352,000 after acquiring an additional 906 shares during the period. 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.