Blue Owl Capital (NYSE:OWL) Hits New 52-Week High at $18.83

Blue Owl Capital Inc. (NYSE:OWL) reached a new 52-week high on Wednesday . The stock traded as high as $18.83 and last traded at $18.61, with a volume of 656716 shares changing hands. The stock had previously closed at $18.63.

Analyst Ratings Changes

OWL has been the topic of several recent research reports. Evercore ISI boosted their price target on shares of 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 assumed coverage on shares of Blue Owl Capital in a research note on Thursday, January 4th. They issued an “outperform” rating and a $17.00 price target for the company. Piper Sandler increased their price objective on Blue Owl Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Finally, The Goldman Sachs Group boosted their target price on Blue Owl Capital from $17.75 to $20.25 and gave the stock a “buy” rating in a research note on Monday, February 12th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.63.

Blue Owl Capital Trading Up 0.4 %

The stock has a market cap of $26.93 billion, a PE ratio of 188.50, a P/E/G ratio of 0.95 and a beta of 1.27. The business has a 50 day moving average of $17.24 and a 200-day moving average of $14.82.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Friday, February 9th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. The firm had revenue of $494.04 million during the quarter, compared to the consensus estimate of $438.77 million. During the same quarter in the prior year, the firm earned $0.15 EPS. Research analysts expect that Blue Owl Capital Inc. will post 0.83 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 23rd were paid a $0.14 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.56 annualized dividend and a dividend yield of 2.97%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 560.00%.

Insider Transactions at Blue Owl Capital

In related news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of Blue Owl Capital stock in a transaction on Monday, January 29th. The shares were 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 through the SEC website. Company insiders own 33.39% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. M&T Bank Corp raised its stake in shares of Blue Owl Capital by 7.0% during the 4th quarter. M&T Bank Corp now owns 11,512 shares of the company’s stock worth $172,000 after buying an additional 753 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Blue Owl Capital by 5.1% during the fourth quarter. AQR Capital Management LLC now owns 16,987 shares of the company’s stock worth $180,000 after buying an additional 831 shares in the last quarter. Treasurer of the State of North Carolina grew its position in Blue Owl Capital by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 196,246 shares of the company’s stock worth $2,543,000 after buying an additional 990 shares during the period. Utah Retirement Systems increased its holdings in Blue Owl Capital by 4.7% in the fourth quarter. Utah Retirement Systems now owns 22,300 shares of the company’s stock valued at $236,000 after buying an additional 1,000 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in shares of Blue Owl Capital by 58.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after acquiring an additional 1,159 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

About Blue Owl Capital

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.