Blue Owl Capital (NYSE:OWL) Sets New 12-Month High – Should You Buy?

Blue Owl Capital Inc. (NYSE:OWL) shares reached a new 52-week high on Wednesday . The stock traded as high as $25.05 and last traded at $25.29, with a volume of 4470425 shares. The stock had previously closed at $24.50.

Analyst Upgrades and Downgrades

OWL has been the subject of a number of research reports. Wells Fargo & Company reduced their price target on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and issued a $27.00 price target on shares of Blue Owl Capital in a report on Wednesday, December 4th. Evercore ISI lifted their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Oppenheimer lifted their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $24.75 in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.10.

Blue Owl Capital Trading Up 4.4 %

The company’s fifty day simple moving average is $23.58 and its 200 day simple moving average is $20.79. The firm has a market capitalization of $38.20 billion, a P/E ratio of 150.45, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same period in the previous year, the business posted $0.16 earnings per share. On average, analysts predict that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.55%.

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently made changes to their positions in OWL. Kovitz Investment Group Partners LLC grew its holdings in Blue Owl Capital by 1.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock worth $622,000 after acquiring an additional 443 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of Blue Owl Capital by 4.1% in the 4th quarter. Miracle Mile Advisors LLC now owns 12,289 shares of the company’s stock valued at $286,000 after purchasing an additional 479 shares during the period. King Luther Capital Management Corp lifted its stake in shares of Blue Owl Capital by 0.6% in the 3rd quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock valued at $1,547,000 after purchasing an additional 485 shares during the period. Apollon Wealth Management LLC increased its holdings in Blue Owl Capital by 1.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock worth $1,009,000 after acquiring an additional 565 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Blue Owl Capital by 0.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock worth $1,851,000 after acquiring an additional 575 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital 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.