Blue Owl Capital (NYSE:OWL) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital (NYSE:OWL) to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Piper Sandler dropped their price objective on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. UBS Group reiterated a “neutral” rating and issued a $9.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 11th. Citigroup reissued a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, July 9th. Capital One Financial set a $11.00 target price on Blue Owl Capital in a research report on Monday, July 13th. Finally, Barclays cut their price target on Blue Owl Capital from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.16.

Blue Owl Capital Stock Performance

NYSE OWL opened at $9.16 on Monday. Blue Owl Capital has a 52-week low of $7.95 and a 52-week high of $20.68. The company has a 50-day simple moving average of $9.50 and a 200 day simple moving average of $10.64. The company has a market capitalization of $14.25 billion, a PE ratio of 76.38, a price-to-earnings-growth ratio of 1.01 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 for the quarter, meeting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The firm had revenue of $699.88 million during the quarter, compared to the consensus estimate of $687.23 million. As a group, analysts forecast that Blue Owl Capital will post 0.87 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a dividend of $0.23 per share. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend was Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio is presently 766.67%.

Institutional Trading of Blue Owl Capital

Several institutional investors and hedge funds have recently bought and sold shares of OWL. Arax Advisory Partners bought a new stake in Blue Owl Capital during the fourth quarter valued at approximately $25,000. Toronto Dominion Bank bought a new stake in shares of Blue Owl Capital during the 4th quarter worth $26,000. Lavaca Capital LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter worth $28,000. Essential Partners LLC grew its position in Blue Owl Capital by 739.7% in the first quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock worth $29,000 after acquiring an additional 2,833 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC grew its position in Blue Owl Capital by 83.5% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock worth $30,000 after acquiring an additional 910 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

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.