Blue Owl Capital (NYSE:OWL) Downgraded to “Hold” at Zacks Investment Research

Blue Owl Capital (NYSE:OWLGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday, Zacks.com reports.

According to Zacks, “Blue Owl Capital is an alternative asset manager which provides investors access to direct lending and GP capital solutions strategies through a variety of vehicles. Blue Owl Capital, formerly known as Altimar Acquisition Corporation, is based in NEW YORK. “

A number of other equities analysts also recently commented on the company. Bank of America started coverage on Blue Owl Capital in a report on Monday, January 24th. They issued a “buy” rating and a $18.00 price objective on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $21.00 price objective on shares of Blue Owl Capital in a report on Tuesday, January 4th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $16.86.

Shares of OWL opened at $14.09 on Friday. Blue Owl Capital has a fifty-two week low of $9.35 and a fifty-two week high of $17.89. The business’s 50-day moving average is $12.59 and its 200-day moving average is $14.18.

Blue Owl Capital (NYSE:OWLGet Rating) last released its quarterly earnings data on Thursday, February 17th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $288.52 million during the quarter, compared to analyst estimates of $247.20 million. On average, sell-side analysts expect that Blue Owl Capital will post 0.62 EPS for the current fiscal year.

In related news, Director Claudia A. Holz purchased 10,000 shares of the stock in a transaction on Wednesday, March 9th. The shares were bought at an average price of $12.24 per share, for a total transaction of $122,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional investors and hedge funds have recently bought and sold shares of the company. Salem Investment Counselors Inc. bought a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $30,000. Steph & Co. bought a new stake in shares of Blue Owl Capital in the first quarter valued at approximately $61,000. Deutsche Bank AG bought a new position in Blue Owl Capital in the fourth quarter worth $75,000. Advisor Group Holdings Inc. lifted its position in Blue Owl Capital by 298.1% in the third quarter. Advisor Group Holdings Inc. now owns 5,342 shares of the company’s stock worth $83,000 after purchasing an additional 4,000 shares during the period. Finally, Wolverine Asset Management LLC lifted its position in Blue Owl Capital by 17.9% in the fourth quarter. Wolverine Asset Management LLC now owns 8,928 shares of the company’s stock worth $133,000 after purchasing an additional 1,355 shares during the period. 24.51% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for Blue Owl Capital (NYSE:OWL)

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