Blue Owl Capital (NYSE:OWL) Given “Buy” Rating at TD Cowen

Blue Owl Capital (NYSE:OWL)‘s stock had its “buy” rating restated by stock analysts at TD Cowen in a research note issued to investors on Monday,Benzinga reports. They currently have a $14.00 target price on the stock. TD Cowen’s price objective would suggest a potential upside of 45.30% from the company’s previous close.

Other analysts have also issued reports about the stock. Piper Sandler reduced 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. Barclays boosted their price target on shares of Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. The Goldman Sachs Group cut their price target on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Blue Owl Capital in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.03.

Blue Owl Capital Trading Up 1.8%

OWL traded up $0.18 on Monday, hitting $9.64. The company had a trading volume of 4,766,606 shares, compared to its average volume of 29,535,059. The firm has a market cap of $14.98 billion, a P/E ratio of 80.13, a PEG ratio of 1.00 and a beta of 1.19. Blue Owl Capital has a 1 year low of $7.95 and a 1 year high of $21.08. The company’s fifty day moving average price is $9.29 and its 200 day moving average price is $12.60.

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

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Park Avenue Securities LLC grew its position in shares of Blue Owl Capital by 5.6% during the third quarter. Park Avenue Securities LLC now owns 13,149 shares of the company’s stock worth $223,000 after buying an additional 699 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Blue Owl Capital by 20.3% during the third quarter. Bessemer Group Inc. now owns 4,967 shares of the company’s stock worth $84,000 after buying an additional 838 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Blue Owl Capital by 117.0% during the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after buying an additional 867 shares in the last quarter. Stonegate Investment Group LLC grew its position in shares of Blue Owl Capital by 3.6% during the third quarter. Stonegate Investment Group LLC now owns 25,465 shares of the company’s stock worth $431,000 after buying an additional 884 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its position in shares of Blue Owl Capital by 1.2% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 76,939 shares of the company’s stock worth $1,149,000 after buying an additional 909 shares in the last quarter. 35.85% of the stock is 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.