Blue Owl Capital (NYSE:OWL) Sets New 52-Week Low – Time to Sell?

Blue Owl Capital Inc. (NYSE:OWL)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $13.20 and last traded at $13.33, with a volume of 4726180 shares traded. The stock had previously closed at $13.64.

Wall Street Analyst Weigh In

Several research firms have issued reports on OWL. Piper Sandler cut their price target on shares of Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Barclays lowered their target price on Blue Owl Capital from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Citigroup reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, January 27th. UBS Group lowered their price objective on Blue Owl Capital from $18.00 to $16.50 and set a “neutral” rating for the company in a research report on Tuesday, January 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Blue Owl Capital in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.78.

Blue Owl Capital Stock Down 0.5%

The firm’s fifty day moving average is $15.32 and its two-hundred day moving average is $16.72. The firm has a market cap of $18.79 billion, a P/E ratio of 200.87, a PEG ratio of 1.14 and a beta of 1.11.

Insider Activity at Blue Owl Capital

In other news, CFO Alan Kirshenbaum acquired 33,670 shares of the business’s stock in a transaction on Monday, December 1st. The shares were acquired at an average cost of $14.87 per share, with a total value of $500,672.90. Following the transaction, the chief financial officer owned 33,670 shares in the company, valued at $500,672.90. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Marc S. Lipschultz bought 69,663 shares of Blue Owl Capital stock in a transaction on Tuesday, December 2nd. The shares were purchased at an average price of $15.06 per share, for a total transaction of $1,049,124.78. Following the acquisition, the chief executive officer directly owned 79,000 shares in the company, valued at approximately $1,189,740. This trade represents a 746.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 395,670 shares of company stock valued at $5,952,393. 27.44% of the stock is currently owned by corporate insiders.

Institutional Trading of Blue Owl Capital

A number of institutional investors and hedge funds have recently bought and sold shares of OWL. Parkside Financial Bank & Trust lifted its position in Blue Owl Capital by 117.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock valued at $27,000 after acquiring an additional 867 shares in the last quarter. Roxbury Financial LLC lifted its holdings in shares of Blue Owl Capital by 383.6% during the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after purchasing an additional 1,400 shares in the last quarter. Halbert Hargrove Global Advisors LLC boosted its position in shares of Blue Owl Capital by 83.5% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after buying an additional 910 shares during the last quarter. Headlands Technologies LLC bought a new stake in Blue Owl Capital in the 2nd quarter worth about $51,000. Finally, MorganRosel Wealth Management LLC purchased a new position in Blue Owl Capital in the 2nd quarter worth about $51,000. 35.85% of the stock is currently owned by 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.