Stocks of Blue Owl Capital Inc (NYSE:OWL) traded higher last session on Wall Street, up 4.70% to $19.38.
OWL stock price is now 11.90% away from the 50-day moving average and 39.25% away from the 200-day moving average. The market capitalization of the company currently stands at $9.02B.
With the price target enhanced from $18 to $22, UBS Upgraded its rating from Neutral to Buy for Blue Owl Capital Inc (NYSE: OWL). On January 04, 2024, TD Cowen recently initiated its ‘Outperform’ rating on the stock quoting a target price of $17, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, Glide Path Solutions 2020, L.P, 10% Owner sold 4,500,000 shares of the company’s stock on Jan 29 ’24. The stock was sold for $71,167,500 at an average price of $15.81. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 29 ’24, 10% Owner Glide Path Solutions 2020, L.P sold 2,000,000 shares of the business’s stock. A total of $31,630,000 was realized by selling the stock at an average price of $15.81. A total of 1.92% of the company’s stock is owned by insiders.
During the past 12 months, Blue Owl Capital Inc has had a low of $9.70 and a high of $19.15. As of last week, the company has a debt-to-equity ratio of 1.31, a current ratio of 0.93, and a quick ratio of 0.93. According to the stock market information, the enterprise value for the company is $10.52B, which is based on a 167.65 price-to-earnings ratio, a 7.15 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for OWL is $17.52 and a two-hundred day moving average price translates $14.10 for the stock.
The latest earnings results from Blue Owl Capital Inc (NYSE: OWL) was released for Dec, 2023. According to the Asset Management Company, earnings per share came in at $0.18, beating analysts’ expectations of $0.17 by 0.01. This compares to -$0.02 EPS in the same period last year. The net profit margin was 3.14% and return on equity was 3.47% for OWL. The company reported revenue of $494.04 million for the quarter, compared to $395.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.91 percent. For the current quarter, analysts expect OWL to generate $478.2M in revenue.
