Keefe, Bruyette & Woods Upgrades Blue Owl Capital (NYSE:OWL) to “Hold”

Blue Owl Capital (NYSE:OWL) was upgraded by investment analysts at Keefe, Bruyette & Woods to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. Barclays dropped their target price on shares of Blue Owl Capital from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Blue Owl Capital in a research note on Thursday, June 18th. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. UBS Group reiterated a “neutral” rating and issued a $9.50 price target on shares of Blue Owl Capital in a report on Thursday, June 11th. Finally, BMO Capital Markets dropped their price objective on Blue Owl Capital from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $13.16.

Blue Owl Capital Trading Up 0.5%

Shares of OWL opened at $9.40 on Monday. The firm has a fifty day moving average price of $9.51 and a 200-day moving average price of $10.68. The firm has a market capitalization of $14.61 billion, a P/E ratio of 78.34, a P/E/G ratio of 1.01 and a beta of 1.22. Blue Owl Capital has a 12-month low of $7.95 and a 12-month high of $20.68.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The company had revenue of $699.88 million for the quarter, compared to the consensus estimate of $687.23 million. Analysts predict that Blue Owl Capital will post 0.87 earnings per share for the current year.

Institutional Trading of Blue Owl Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kingswood Wealth Advisors LLC increased its holdings in Blue Owl Capital by 1.2% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 76,939 shares of the company’s stock worth $1,149,000 after acquiring an additional 909 shares in the last quarter. Halbert Hargrove Global Advisors LLC lifted its holdings in Blue Owl Capital by 83.5% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 910 shares in the last quarter. VestGen Advisors LLC lifted its holdings in Blue Owl Capital by 5.4% during the fourth quarter. VestGen Advisors LLC now owns 17,850 shares of the company’s stock valued at $267,000 after purchasing an additional 912 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Blue Owl Capital by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 190,579 shares of the company’s stock valued at $3,227,000 after purchasing an additional 1,182 shares during the period. Finally, Deutsche Bank AG grew its position in shares of Blue Owl Capital by 1.6% in the fourth quarter. Deutsche Bank AG now owns 77,962 shares of the company’s stock valued at $1,165,000 after purchasing an additional 1,222 shares during the period. Hedge funds and other 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.