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

Blue Owl Capital Inc. (NYSE:OWL) has earned an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $13.4437.

Several analysts have weighed in on OWL shares. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a research note on Thursday, July 9th. Zacks Research upgraded shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group boosted their target price on Blue Owl Capital from $9.50 to $10.50 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods upgraded Blue Owl Capital to a “hold” rating in a research report on Monday, July 20th. Finally, Credit Suisse Group set a $9.10 price target on Blue Owl Capital in a report on Thursday, July 2nd.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL opened at $12.35 on Wednesday. The company’s fifty day moving average is $9.71 and its 200-day moving average is $10.15. Blue Owl Capital has a 52 week low of $7.95 and a 52 week high of $20.58. The company has a market capitalization of $19.25 billion, a PE ratio of 102.89, a P/E/G ratio of 1.30 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The business had revenue of $693.56 million during the quarter, compared to analysts’ expectations of $693.15 million. On average, analysts forecast that Blue Owl Capital will post 0.88 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Thursday, August 13th. Blue Owl Capital’s dividend payout ratio is presently 766.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OWL. Ieq Capital LLC bought a new stake in Blue Owl Capital during the 2nd quarter worth about $5,165,000. Lalia Capital LLC bought a new position in shares of Blue Owl Capital in the second quarter worth about $34,952,000. Laidlaw Wealth Management LLC bought a new position in shares of Blue Owl Capital in the second quarter worth about $151,000. Allworth Financial LP acquired a new position in shares of Blue Owl Capital during the second quarter worth approximately $42,000. Finally, Blue Owl Capital Holdings LP acquired a new position in shares of Blue Owl Capital during the second quarter worth approximately $22,230,000. 35.85% of the stock is owned by institutional investors.

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.