Blue Owl Capital (NYSE:OWL) Trading Down 5.7% – Should You Sell?

Shares of Blue Owl Capital Inc. (NYSE:OWL) traded down 5.7% during mid-day trading on Wednesday . The company traded as low as $9.06 and last traded at $8.9250. 13,058,606 shares changed hands during trading, a decline of 53% from the average session volume of 27,991,840 shares. The stock had previously closed at $9.46.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on OWL shares. TD Cowen reissued a “buy” rating on shares of Blue Owl Capital in a research note on Wednesday, January 14th. Barclays restated an “equal weight” rating and issued a $11.00 target price (down from $15.00) on shares of Blue Owl Capital in a report on Monday, March 2nd. Piper Sandler reduced their price target on Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Raymond James Financial reissued a “strong-buy” rating on shares of Blue Owl Capital in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group cut their price objective on shares of Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Blue Owl Capital Stock Down 3.2%

The company’s 50-day moving average price is $13.21 and its 200-day moving average price is $15.28. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 91.66, a PEG ratio of 0.82 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, February 5th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $701.47 million for the quarter, compared to the consensus estimate of $712.75 million. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. On average, sell-side analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 20th were given a $0.225 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.90 dividend on an annualized basis and a yield of 9.8%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 900.00%.

Institutional Trading of Blue Owl Capital

A number of large investors have recently made changes to their positions in OWL. Arax Advisory Partners purchased a new position in Blue Owl Capital in the fourth quarter worth approximately $25,000. Roxbury Financial LLC raised its holdings in shares of Blue Owl Capital by 383.6% in the 4th 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. Toronto Dominion Bank purchased a new stake in shares of Blue Owl Capital during the 4th quarter worth $26,000. Parkside Financial Bank & Trust grew its stake in shares of Blue Owl Capital by 117.0% during the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after purchasing an additional 867 shares in the last quarter. Finally, Lavaca Capital LLC purchased a new position in Blue Owl Capital in the fourth quarter valued at $28,000. 35.85% of the stock is currently owned by hedge funds and other 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.