Oppenheimer Lowers Blue Owl Capital (NYSE:OWL) Price Target to $15.00

Blue Owl Capital (NYSE:OWL) had its price objective reduced by investment analysts at Oppenheimer from $16.00 to $15.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 57.58% from the company’s previous close.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. BMO Capital Markets cut their target price on Blue Owl Capital from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Capital One Financial set a $11.00 target price on Blue Owl Capital in a report on Monday, July 13th. UBS Group reissued a “neutral” rating and set a $9.50 price target on shares of Blue Owl Capital in a research report on Thursday, June 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Blue Owl Capital in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.16.

Blue Owl Capital Stock Performance

OWL opened at $9.52 on Friday. The company’s 50 day simple moving average is $9.54 and its 200 day simple moving average is $10.79. Blue Owl Capital has a 1 year low of $7.95 and a 1 year high of $20.99. The stock has a market capitalization of $14.80 billion, a PE ratio of 79.33, a P/E/G ratio of 1.02 and a beta of 1.22.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $699.88 million during the quarter, compared to the consensus estimate of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. As a group, sell-side analysts expect that Blue Owl Capital will post 0.87 earnings per share for the current fiscal year.

Institutional Trading of Blue Owl Capital

Several large investors have recently added to or reduced their stakes in OWL. Arax Advisory Partners acquired a new position in shares of Blue Owl Capital during the fourth quarter worth about $25,000. Toronto Dominion Bank purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth about $26,000. Roxbury Financial LLC grew its stake in shares of Blue Owl Capital by 383.6% in the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after buying an additional 1,400 shares in the last quarter. Lavaca Capital LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $28,000. Finally, Halbert Hargrove Global Advisors LLC raised its holdings in shares of Blue Owl Capital by 83.5% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after buying an additional 910 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Company Profile

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.