Blue Owl Capital Inc. (NYSE:OWL) to Post Q1 2022 Earnings of $0.12 Per Share, Oppenheimer Forecasts

Blue Owl Capital Inc. (NYSE:OWLGet Rating) – Equities researchers at Oppenheimer dropped their Q1 2022 earnings per share (EPS) estimates for shares of Blue Owl Capital in a research report issued to clients and investors on Wednesday, April 13th. Oppenheimer analyst C. Kotowski now forecasts that the company will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.14. Oppenheimer also issued estimates for Blue Owl Capital’s Q4 2022 earnings at $0.16 EPS.

OWL has been the subject of a number of other reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $21.00 price target on shares of Blue Owl Capital in a report on Tuesday, January 4th. Evercore ISI initiated coverage on Blue Owl Capital in a research report on Thursday, December 16th. They issued an “outperform” rating and a $19.00 price target on the stock. Bank of America initiated coverage on Blue Owl Capital in a research report on Monday, January 24th. They issued a “buy” rating and a $18.00 price target on the stock. Finally, Zacks Investment Research upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Tuesday, February 22nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Buy” and a consensus target price of $16.86.

NYSE:OWL opened at $14.09 on Thursday. The stock has a fifty day moving average price of $12.56 and a 200 day moving average price of $14.19. Blue Owl Capital has a 12-month low of $9.35 and a 12-month high of $17.89.

Blue Owl Capital (NYSE:OWLGet Rating) last posted its earnings results on Thursday, February 17th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $288.52 million for the quarter, compared to analyst estimates of $247.20 million.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. purchased a new stake in Blue Owl Capital in the 4th quarter valued at approximately $30,000. Deutsche Bank AG purchased a new stake in Blue Owl Capital in the 4th quarter valued at approximately $75,000. Advisor Group Holdings Inc. lifted its stake in Blue Owl Capital by 298.1% in the 3rd quarter. Advisor Group Holdings Inc. now owns 5,342 shares of the company’s stock valued at $83,000 after buying an additional 4,000 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in Blue Owl Capital by 17.9% in the 4th quarter. Wolverine Asset Management LLC now owns 8,928 shares of the company’s stock valued at $133,000 after buying an additional 1,355 shares in the last quarter. Finally, LGL Partners LLC purchased a new stake in Blue Owl Capital in the 3rd quarter valued at approximately $158,000. Institutional investors and hedge funds own 24.51% of the company’s stock.

In other news, Director Claudia A. Holz purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, March 9th. The shares were acquired at an average price of $12.24 per share, for a total transaction of $122,400.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

The company also recently declared a quarterly dividend, which was paid on Monday, March 7th. Investors of record on Monday, February 28th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.84%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.09.

Blue Owl Capital Company Profile (Get Rating)

Blue Owl Capital Inc operates as an asset manager. The company provides investors access to direct lending and GP capital solutions strategies through various vehicles. Its breadth of offerings and permanent capital base enables it to offer a holistic platform of capital solutions to participants throughout the private market ecosystem, including alternative asset managers and private middle market corporations.

See Also

Earnings History and Estimates for Blue Owl Capital (NYSE:OWL)

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