Blue Owl Capital (NYSE:OWL – Get Free Report) released its quarterly earnings results on Friday. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01, Zacks reports. Blue Owl Capital had a return on equity of 17.23% and a net margin of 3.14%. The company had revenue of $494.04 million for the quarter, compared to analysts’ expectations of $438.77 million. During the same period in the prior year, the firm earned $0.15 earnings per share.
Blue Owl Capital Stock Up 0.2 %
Shares of OWL stock opened at $17.50 on Monday. The company has a market capitalization of $24.66 billion, a P/E ratio of 174.72, a P/E/G ratio of 1.06 and a beta of 1.22. Blue Owl Capital has a 12-month low of $9.70 and a 12-month high of $18.33. The firm has a 50-day moving average price of $14.90 and a 200 day moving average price of $13.39.
Blue Owl Capital Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Friday, February 23rd will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, February 22nd. Blue Owl Capital’s dividend payout ratio is currently 560.06%.
Insider Buying and Selling at Blue Owl Capital
Institutional Trading of Blue Owl Capital
A number of institutional investors have recently made changes to their positions in OWL. Envestnet Asset Management Inc. bought a new position in shares of Blue Owl Capital in the first quarter valued at about $152,000. JPMorgan Chase & Co. boosted its stake in shares of Blue Owl Capital by 168.4% in the 1st quarter. JPMorgan Chase & Co. now owns 407,381 shares of the company’s stock valued at $5,166,000 after purchasing an additional 255,594 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Blue Owl Capital by 8.2% during the 1st quarter. Bank of New York Mellon Corp now owns 780,428 shares of the company’s stock worth $9,895,000 after buying an additional 59,124 shares during the period. AlphaCrest Capital Management LLC acquired a new stake in Blue Owl Capital during the 1st quarter worth approximately $131,000. Finally, Clearbridge Investments LLC bought a new position in Blue Owl Capital during the 1st quarter worth approximately $31,838,000. Institutional investors own 29.11% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. TD Cowen assumed coverage on Blue Owl Capital in a report on Thursday, January 4th. They issued an “outperform” rating and a $17.00 price objective on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $18.00 price target on shares of Blue Owl Capital in a research report on Wednesday, December 20th. Evercore ISI upped their price target on shares of Blue Owl Capital from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. Finally, UBS Group restated a “neutral” rating and issued a $14.00 target price (down previously from $15.00) on shares of Blue Owl Capital in a research note on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.88.
Blue Owl Capital Company Profile
Blue Owl Capital Inc operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases.
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