Brokerages Set Blue Owl Capital Inc. (NYSE:OWL) Price Target at $21.50

Blue Owl Capital Inc. (NYSE:OWL) has earned an average rating of “Moderate Buy” from the sixteen analysts that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.50.

OWL has been the subject of several recent research reports. Evercore ISI decreased their price target on shares of Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Oppenheimer set a $25.00 target price on Blue Owl Capital and gave the company an “outperform” rating in a report on Friday, October 31st. Raymond James Financial raised Blue Owl Capital from a “market perform” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research note on Wednesday, December 10th. BMO Capital Markets started coverage on Blue Owl Capital in a research report on Friday, October 3rd. They issued an “outperform” rating and a $18.00 price target on the stock. Finally, The Goldman Sachs Group lowered their price objective on Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating for the company in a research report on Monday, October 6th.

Insider Activity

In other news, CEO Douglas I. Ostrover acquired 139,327 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average cost of $15.06 per share, with a total value of $2,098,264.62. Following the transaction, the chief executive officer owned 158,000 shares in the company, valued at approximately $2,379,480. This trade represents a 746.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Craig Packer bought 110,227 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were purchased at an average price of $15.06 per share, with a total value of $1,660,018.62. Following the purchase, the insider owned 94,000 shares of the company’s stock, valued at approximately $1,415,640. This represents a -679.28% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 395,670 shares of company stock valued at $5,952,393 over the last quarter. Company insiders own 27.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OWL. Parkside Financial Bank & Trust boosted its holdings in shares of Blue Owl Capital by 117.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock valued at $27,000 after acquiring an additional 867 shares during the period. Banque Transatlantique SA acquired a new stake in Blue Owl Capital during the 1st quarter worth $31,000. Northwestern Mutual Wealth Management Co. boosted its stake in Blue Owl Capital by 58.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock worth $50,000 after purchasing an additional 916 shares during the period. Activest Wealth Management purchased a new position in Blue Owl Capital during the 3rd quarter worth $50,000. Finally, MorganRosel Wealth Management LLC acquired a new position in Blue Owl Capital in the second quarter valued at $51,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $14.94 on Tuesday. The stock has a market capitalization of $23.30 billion, a price-to-earnings ratio of 249.04, a price-to-earnings-growth ratio of 1.40 and a beta of 1.13. The business has a 50-day moving average of $15.35 and a 200 day moving average of $17.43. Blue Owl Capital has a 12 month low of $13.25 and a 12 month high of $26.73.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $687.00 million during the quarter, compared to analyst estimates of $685.95 million. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. Equities research analysts anticipate that Blue Owl Capital will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 6.0%. The ex-dividend date was Monday, November 10th. Blue Owl Capital’s payout ratio is 1,500.00%.

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.