Blue Owl Capital (NYSE:OWL) Stock Price Down 6.5% - Time to Sell?

Key Points

• Blue Owl Capital's stock price fell 6.5% to $16.42, with trading volume down 19% from its average.
• Wall Street analysts maintain a "Moderate Buy" rating on the stock, with an average price target of $24.02.
• The company recently declared a quarterly dividend of $0.225 per share, reflecting a yield of 5.3% and a very high dividend payout ratio of 1,000.00%.

Shares of Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) dropped 6.5% on Tuesday . The stock traded as low as $16.42 and last traded at $16.42. Approximately 6,364,636 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 7,816,745 shares. The stock had previously closed at $17.56.

Wall Street Analysts Forecast Growth

OWL has been the topic of several recent research reports. Cowen reaffirmed a "buy" rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Piper Sandler increased their target price on Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Barclays increased their target price on Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Oppenheimer increased their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Finally, Evercore ISI increased their target price on Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Blue Owl Capital presently has an average rating of "Moderate Buy" and an average price target of $24.02.

Blue Owl Capital Stock Down 3.6%

The firm has a 50 day moving average price of $18.89 and a 200 day moving average price of $18.89. The stock has a market cap of $26.24 billion, a P/E ratio of 188.19, a P/E/G ratio of 1.16 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%.The firm had revenue of $703.11 million for the quarter, compared to the consensus estimate of $642.13 million. Equities analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Thursday, August 14th. Blue Owl Capital's dividend payout ratio (DPR) is 1,000.00%.

Institutional Trading of Blue Owl Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. HMI Capital Management L.P. raised its stake in Blue Owl Capital by 276.8% during the 2nd quarter. HMI Capital Management L.P. now owns 5,704,480 shares of the company's stock valued at $109,583,000 after purchasing an additional 4,190,380 shares during the period. Osaic Holdings Inc. raised its stake in Blue Owl Capital by 7.2% during the 2nd quarter. Osaic Holdings Inc. now owns 85,863 shares of the company's stock valued at $1,651,000 after purchasing an additional 5,800 shares during the period. Munro Partners bought a new stake in Blue Owl Capital during the 2nd quarter valued at approximately $2,303,000. Thrivent Financial for Lutherans raised its stake in Blue Owl Capital by 1.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 266,323 shares of the company's stock valued at $5,116,000 after purchasing an additional 4,647 shares during the period. Finally, State of Wyoming raised its stake in Blue Owl Capital by 108.7% during the 2nd quarter. State of Wyoming now owns 5,675 shares of the company's stock valued at $109,000 after purchasing an additional 2,956 shares during the period. Institutional investors own 35.85% of the company's stock.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.

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