Stocks of Blue Owl Capital Inc. (NYSE:OWL) traded higher last session on Wall Street, down -1.71% to $10.90.
According to the data, Blue Owl Capital Inc. (NYSE:OWL) has 12 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $18.00 and a low of $13.00, we find $14.50. Given the previous closing price of $11.09, this indicates a potential upside of 30.75 percent. OWL stock price is now -6.59% away from the 50-day moving average and -4.50% away from the 200-day moving average. The market capitalization of the company currently stands at $14.99B.
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A total of 2 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $15.00 as their price target over the next twelve months.
With the price target of $14, Citigroup recently initiated with Buy rating for Blue Owl Capital Inc. (NYSE: OWL).
In other news, Blue Pool Capital Ltd, 10% Owner sold 119,000 shares of the company’s stock on Aug 24. The stock was sold for $1,445,850 at an average price of $12.15. Upon completion of the transaction, the 10% Owner now directly owns 43,396,043 shares in the company, valued at $473.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23, 10% Owner Blue Pool Capital Ltd sold 165,000 shares of the business’s stock. A total of $1,980,000 was realized by selling the stock at an average price of $12.00. This leaves the insider owning 43,515,043 shares of the company worth $474.31 million. Insiders disposed of 284,000 shares of company stock worth roughly $3.1 million over the past 1 year. A total of 1.07% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OWL stock. A new stake in Blue Owl Capital Inc. shares was purchased by KIM, LLC during the first quarter worth $52,326,000. CAT ROCK CAPITAL MANAGEMENT LP invested $49,201,000 in shares of OWL during the first quarter. In the first quarter, HIGHTOWER ADVISORS, LLC acquired a new stake in Blue Owl Capital Inc. valued at approximately $20,056,000. RDST CAPITAL LLC acquired a new stake in OWL for approximately $14,856,000. CINCTIVE CAPITAL MANAGEMENT LP purchased a new stake in OWL valued at around $12,440,000 in the second quarter. In total, there are 298 active investors with 93.80% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $11.17 for Blue Owl Capital Inc. (NYSE: OWL). During the past 12 months, Blue Owl Capital Inc. has had a low of $8.06 and a high of $14.04. According to the stock market information, the enterprise value for the company is $7.06B, which is based on a 201.85 price-to-earnings ratio, a 9.51 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for OWL is $11.66 and a two-hundred day moving average price translates $11.42 for the stock.
The latest earnings results from Blue Owl Capital Inc. (NYSE: OWL) was released for Jun, 2023. According to the Asset Management Company, earnings per share came in at $0.16, inline with analysts’ expectations of $0.16. This compares to -$0.01 EPS in the same period last year. The net profit margin was 1.60% and return on equity was 1.50% for OWL. The company reported revenue of $416.94 million for the quarter, compared to $327.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.41 percent. For the current quarter, analysts expect OWL to generate $411.67M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/31/2023. Investors who held shares on 08/21/2023 were paid a $0.14 dividend. On an annualized basis, this represents a $0.56 dividend and a 5.14% percent yield. There was an ex-dividend date of 08/18/2023 for this dividend. In terms of dividend payout ratio, OWL is presently at 918.90%.
Blue Owl Capital Inc.(OWL) Company Profile
Blue Owl Capital Inc. operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases. It offers its solutions through permanent capital vehicles, as well as long-dated private funds. The company is headquartered in New York, New York.
