Blue Owl Capital Inc (NYSE:OWL) shares traded -2.12% lower at $18.93 on Wall Street last session.
OWL stock price is now 6.98% away from the 50-day moving average and 34.12% away from the 200-day moving average. The market capitalization of the company currently stands at $8.82B.
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 $19.87. 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 $10.90B, which is based on a 163.75 price-to-earnings ratio, a 8.89 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for OWL is $17.75 and a two-hundred day moving average price translates $14.15 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 $476.97M in revenue.
Blue Owl Capital Inc(OWL) Company Profile
Blue Owl Capital Inc. operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants. It offers its solutions through permanent capital vehicles, as well as long-dated private funds. Blue Owl Capital Inc. is headquartered in New York, New York.
