Blue Owl Capital (NYSE:OWL) Issues Earnings Results

Blue Owl Capital (NYSE:OWLGet Free Report) issued its earnings results on Friday. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01, Zacks reports. The firm had revenue of $494.04 million during the quarter, compared to analysts’ expectations of $438.77 million. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.23%. During the same quarter last year, the company posted $0.15 earnings per share.

Blue Owl Capital Trading Up 1.3 %

Shares of NYSE OWL opened at $17.69 on Monday. Blue Owl Capital has a twelve month low of $9.70 and a twelve month high of $18.33. The company has a market capitalization of $24.92 billion, a price-to-earnings ratio of 174.72, a PEG ratio of 1.06 and a beta of 1.22. The firm has a 50-day moving average of $14.90 and a two-hundred day moving average of $13.39.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Friday, February 23rd will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 3.17%. Blue Owl Capital’s dividend payout ratio is presently 560.06%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OWL. TD Cowen started coverage on shares of Blue Owl Capital in a research note on Thursday, January 4th. They set an “outperform” rating and a $17.00 target price for the company. Evercore ISI increased their target price on shares of Blue Owl Capital from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. UBS Group reissued a “neutral” rating and issued a $14.00 price objective (down from $15.00) on shares of Blue Owl Capital in a research report on Friday, October 20th. Finally, Piper Sandler restated an “overweight” rating and issued a $18.00 target price on shares of Blue Owl Capital in a research note on Wednesday, December 20th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $15.88.

Check Out Our Latest Report on Blue Owl Capital

Insider Buying and Selling 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 company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $15.81, for a total transaction of $71,145,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 33.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Blue Owl Capital

A number of large investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new position in Blue Owl Capital in the first quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. acquired a new position in Blue Owl Capital in the fourth quarter worth approximately $32,000. American International Group Inc. acquired a new position in Blue Owl Capital in the second quarter worth approximately $63,000. Ossiam increased its holdings in Blue Owl Capital by 77.2% in the first quarter. Ossiam now owns 6,980 shares of the company’s stock worth $77,000 after buying an additional 3,041 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Blue Owl Capital by 459.0% in the third quarter. Tower Research Capital LLC TRC now owns 9,526 shares of the company’s stock worth $88,000 after buying an additional 7,822 shares during the last quarter. Institutional investors and hedge funds own 29.11% of the company’s stock.

About Blue Owl Capital

(Get Free Report)

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.

See Also

Earnings History for Blue Owl Capital (NYSE:OWL)

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