Blue Owl Capital (NYSE:OWL) Price Target Cut to $16.00 by Analysts at Oppenheimer

Blue Owl Capital (NYSE:OWL) had its target price decreased by Oppenheimer from $17.00 to $16.00 in a research note issued to investors on Monday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

OWL has been the subject of a number of other reports. Evercore set a $14.00 target price on shares of Blue Owl Capital in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft cut shares of Blue Owl Capital from a “buy” rating to a “hold” rating and reduced their price target for the company from $15.00 to $10.00 in a research report on Tuesday, February 24th. TD Cowen reduced their price target on shares of Blue Owl Capital from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Piper Sandler reduced their target price on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Finally, UBS Group reduced their target price on shares of Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.97.

Blue Owl Capital Price Performance

Shares of NYSE OWL opened at $8.45 on Monday. The company has a market cap of $13.13 billion, a PE ratio of 84.46, a price-to-earnings-growth ratio of 0.89 and a beta of 1.21. Blue Owl Capital has a 12 month low of $7.95 and a 12 month high of $21.08. The company has a 50-day simple moving average of $10.12 and a 200-day simple moving average of $13.66.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. The business had revenue of $701.47 million during the quarter, compared to the consensus estimate of $712.75 million. On average, analysts anticipate that Blue Owl Capital will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were given a dividend of $0.225 per share. The ex-dividend date was Friday, February 20th. This represents a $0.90 annualized dividend and a dividend yield of 10.7%. Blue Owl Capital’s dividend payout ratio is currently 900.00%.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its position in Blue Owl Capital by 7.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 10,011 shares of the company’s stock valued at $169,000 after buying an additional 685 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Blue Owl Capital by 5.6% during the 3rd quarter. Park Avenue Securities LLC now owns 13,149 shares of the company’s stock valued at $223,000 after purchasing an additional 699 shares in the last quarter. Bessemer Group Inc. lifted its stake in Blue Owl Capital by 20.3% during the third quarter. Bessemer Group Inc. now owns 4,967 shares of the company’s stock valued at $84,000 after buying an additional 838 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Blue Owl Capital by 117.0% during the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock valued at $27,000 after buying an additional 867 shares in the last quarter. Finally, Stonegate Investment Group LLC lifted its stake in Blue Owl Capital by 3.6% during the third quarter. Stonegate Investment Group LLC now owns 25,465 shares of the company’s stock valued at $431,000 after buying an additional 884 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.