Blue Owl Capital (NYSE:OWL) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Blue Owl Capital (NYSE:OWL) from a strong sell rating to a hold rating in a report released on Wednesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets cut their price objective on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Citizens Jmp cut their price objective on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their target price on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Barclays boosted their target price on Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Blue Owl Capital in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.04.

Blue Owl Capital Trading Down 2.2%

Shares of NYSE:OWL opened at $9.90 on Wednesday. Blue Owl Capital has a 1-year low of $7.95 and a 1-year high of $21.08. The firm has a market capitalization of $15.39 billion, a PE ratio of 82.53, a PEG ratio of 1.07 and a beta of 1.19. The business’s 50 day moving average is $9.40 and its 200-day moving average is $12.23.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $699.88 million for the quarter, compared to analyst estimates of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. On average, sell-side analysts predict that Blue Owl Capital will post 0.88 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 13th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.3%. Blue Owl Capital’s dividend payout ratio is presently 766.67%.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Arax Advisory Partners acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth $25,000. Roxbury Financial LLC grew its stake in shares of Blue Owl Capital by 383.6% during the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after purchasing an additional 1,400 shares during the period. Toronto Dominion Bank acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth $26,000. Lavaca Capital LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth $28,000. Finally, Essential Partners LLC grew its stake in shares of Blue Owl Capital by 739.7% during the first quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock worth $29,000 after purchasing an additional 2,833 shares during the period. 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.