Blue Owl Capital (NYSE:OWL) Trading Down 7%

Blue Owl Capital Inc. (NYSE:OWL – Get Rating)’s share price traded down 7% on Friday . The stock traded as low as $10.78 and last traded at $11.00. 3,148,873 shares were traded during trading, a decline of 12% from the average session volume of 3,582,870 shares. The stock had previously closed at $11.83.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut Blue Owl Capital from an “outperform” rating to a “market perform” rating and set a $13.00 target price on the stock. in a report on Monday, January 2nd. Credit Suisse Group set a $11.50 price objective on Blue Owl Capital in a report on Wednesday, November 23rd. The Goldman Sachs Group upped their price objective on Blue Owl Capital from $15.00 to $16.75 and gave the company a “buy” rating in a report on Tuesday, February 14th. Finally, JMP Securities upped their price objective on Blue Owl Capital from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Tuesday, February 14th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.18.

Blue Owl Capital Price Performance

The business has a 50 day simple moving average of $12.37 and a 200 day simple moving average of $11.25. The company has a market capitalization of $14.97 billion, a price-to-earnings ratio of -354.67, a PEG ratio of 0.39 and a beta of 1.31.

Blue Owl Capital (NYSE:OWL – Get Rating) last released its quarterly earnings results on Monday, February 13th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Blue Owl Capital had a positive return on equity of 13.14% and a negative net margin of 0.68%. The company had revenue of $395.51 million for the quarter, compared to analysts’ expectations of $381.39 million. During the same period in the prior year, the firm earned $0.12 earnings per share. On average, equities research analysts predict that Blue Owl Capital Inc. will post 0.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 6th. Shareholders of record on Friday, February 24th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 4.89%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, February 23rd. Blue Owl Capital’s dividend payout ratio is -1,733.33%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. MetLife Investment Management LLC increased its position in shares of Blue Owl Capital by 3.2% during the third quarter. MetLife Investment Management LLC now owns 25,791 shares of the company’s stock worth $238,000 after acquiring an additional 808 shares during the period. AQR Capital Management LLC increased its position in shares of 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 acquiring an additional 831 shares during the period. Utah Retirement Systems increased its position in shares of Blue Owl Capital by 4.7% during the fourth quarter. Utah Retirement Systems now owns 22,300 shares of the company’s stock worth $236,000 after acquiring an additional 1,000 shares during the period. Amalgamated Bank increased its position in shares of Blue Owl Capital by 3.5% during the third quarter. Amalgamated Bank now owns 45,849 shares of the company’s stock worth $423,000 after acquiring an additional 1,565 shares during the period. Finally, Signaturefd LLC increased its position in shares of Blue Owl Capital by 56.5% during the fourth quarter. Signaturefd LLC now owns 4,895 shares of the company’s stock worth $52,000 after acquiring an additional 1,768 shares during the period. 29.68% of the stock is currently owned by institutional investors and hedge funds.

About Blue Owl Capital

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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.