Blue Owl Capital (NYSE:OWL – Free Report) had its price target lifted by The Goldman Sachs Group from $17.75 to $20.25 in a report published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.
A number of other analysts have also recently issued reports on the company. UBS Group restated a neutral rating and set a $14.00 price objective (down from $15.00) on shares of Blue Owl Capital in a research report on Friday, October 20th. Evercore ISI boosted their price objective on Blue Owl Capital from $14.00 to $15.00 and gave the company an outperform rating in a research report on Monday, December 4th. TD Cowen initiated coverage on Blue Owl Capital in a research report on Thursday, January 4th. They set an outperform rating and a $17.00 price objective on the stock. Finally, Piper Sandler restated an overweight rating and set a $18.00 price objective on shares of Blue Owl Capital in a research report on Wednesday, December 20th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $16.23.
Blue Owl Capital Stock Up 1.3 %
Blue Owl Capital (NYSE:OWL – Get Free Report) last released its quarterly earnings data on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $494.04 million for the quarter, compared to analysts’ expectations of $438.77 million. Blue Owl Capital had a return on equity of 17.23% and a net margin of 3.14%. During the same period in the previous year, the business posted $0.15 earnings per share. Sell-side analysts expect that Blue Owl Capital will post 0.77 earnings per share for the current fiscal year.
Blue Owl Capital Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Friday, February 23rd will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.17%. The ex-dividend date is Thursday, February 22nd. Blue Owl Capital’s dividend payout ratio is 560.06%.
Insider Activity at Blue Owl Capital
In other Blue Owl Capital news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $15.81, for a total value of $71,145,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 33.39% of the stock is owned by insiders.
Hedge Funds Weigh In On Blue Owl Capital
A number of institutional investors and hedge funds have recently bought and sold shares of OWL. Benjamin F. Edwards & Company Inc. acquired a new position in Blue Owl Capital in the fourth quarter worth $26,000. Headlands Technologies LLC acquired a new position in shares of Blue Owl Capital during the third quarter valued at $27,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at $32,000. Quantbot Technologies LP acquired a new position in shares of Blue Owl Capital during the first quarter valued at $33,000. Finally, Private Trust Co. NA acquired a new position in shares of Blue Owl Capital during the third quarter valued at $40,000. Institutional investors and hedge funds own 29.11% of the company’s stock.
About Blue Owl Capital
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.
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