Blue Owl Capital (NYSE:OWL) Rating Reiterated by JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Blue Owl Capital (NYSE:OWL - Free Report) in a research note published on Tuesday, Benzinga reports. JMP Securities currently has a $24.00 price target on the stock.

A number of other research analysts also recently weighed in on OWL. Evercore ISI increased their target price on Blue Owl Capital from $18.00 to $22.00 and gave the company an outperform rating in a report on Thursday, April 4th. UBS Group raised shares of Blue Owl Capital from a neutral rating to a buy rating and raised their target price for the company from $18.00 to $22.00 in a report on Tuesday, April 2nd. Keefe, Bruyette & Woods reissued a market perform rating and issued a $19.00 target price on shares of Blue Owl Capital in a research note on Thursday, April 4th. Piper Sandler lifted their price objective on shares of Blue Owl Capital from $20.00 to $22.00 and gave the company an overweight rating in a report on Friday, March 1st. Finally, The Goldman Sachs Group upped their target price on Blue Owl Capital from $17.75 to $20.25 and gave the stock a buy rating in a report on Monday, February 12th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of Moderate Buy and a consensus target price of $18.75.

Blue Owl Capital Price Performance

OWL stock traded down $0.27 during mid-day trading on Tuesday, hitting $19.33. 2,735,628 shares of the stock were exchanged, compared to its average volume of 4,580,211. The stock has a market capitalization of $27.62 billion, a price-to-earnings ratio of 193.32, a PEG ratio of 1.26 and a beta of 1.27. Blue Owl Capital has a 12 month low of $9.70 and a 12 month high of $19.87. The business has a fifty day moving average price of $17.79 and a 200 day moving average price of $15.23.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. The firm had revenue of $494.04 million for the quarter, compared to analysts' expectations of $438.77 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. As a group, equities analysts forecast that Blue Owl Capital will post 0.83 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, February 23rd were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Thursday, February 22nd. Blue Owl Capital's dividend payout ratio (DPR) is 560.06%.

Insider Activity

In other news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the company's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $15.81, for a total transaction of $71,145,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 33.39% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Blue Owl Capital by 3.3% during the third quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company's stock worth $520,983,000 after purchasing an additional 1,293,941 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at approximately $1,944,000. Foster Victor Wealth Advisors LLC lifted its holdings in shares of Blue Owl Capital by 31.1% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 420,675 shares of the company's stock valued at $6,293,000 after buying an additional 99,760 shares during the period. Advent International L.P. bought a new position in shares of Blue Owl Capital during the 3rd quarter valued at about $30,780,000. Finally, DNB Asset Management AS grew its position in Blue Owl Capital by 13.3% in the fourth quarter. DNB Asset Management AS now owns 357,814 shares of the company's stock worth $5,331,000 after buying an additional 41,870 shares during the last quarter. Institutional investors and hedge funds 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.