Blue Owl Capital (NYSE:OWL) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Shares of Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $10.21 and traded as high as $10.48. Blue Owl Capital shares last traded at $10.3620, with a volume of 13,077,744 shares trading hands.

Analysts Set New Price Targets

OWL has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Blue Owl Capital from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Friday, October 30th. Evercore reiterated an "outperform" rating and issued a $12.00 target price on shares of Blue Owl Capital in a research note on Friday, October 30th. Keefe, Bruyette & Woods boosted their target price on Blue Owl Capital from $9.00 to $10.50 and gave the stock a "market perform" rating in a report on Friday, October 30th. Raymond James Financial reissued a "strong-buy" rating and issued a $15.00 target price on shares of Blue Owl Capital in a report on Wednesday, November 4th. Finally, Capital One Financial set a $12.00 price target on Blue Owl Capital in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.89.

Blue Owl Capital Stock Performance

The stock has a market cap of $16.16 billion, a price-to-earnings ratio of 74.02, a PEG ratio of 1.19 and a beta of 1.31. The firm's 50-day simple moving average is $9.89 and its two-hundred day simple moving average is $10.21.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. Blue Owl Capital had a net margin of 3.08% and a return on equity of 24.70%. The company had revenue of $752.60 million during the quarter, compared to the consensus estimate of $698.10 million. Equities research analysts expect that Blue Owl Capital Inc. will post 0.89 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Tuesday, November 10th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Tuesday, November 10th. Blue Owl Capital's dividend payout ratio (DPR) is 657.14%.

Insider Buying and Selling at Blue Owl Capital

In other news, General Counsel Neena Reddy sold 40,292 shares of the business's stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $10.40, for a total transaction of $419,036.80. Following the completion of the sale, the general counsel owned 575,892 shares in the company, valued at $5,989,276.80. The trade was a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 25.74% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Blue Owl Capital

Several hedge funds have recently added to or reduced their stakes in the company. Morse Asset Management Inc lifted its position in Blue Owl Capital by 41.2% during the 3rd quarter. Morse Asset Management Inc now owns 211,565 shares of the company's stock valued at $1,923,000 after purchasing an additional 61,690 shares during the period. Diversified Trust Co boosted its stake in shares of Blue Owl Capital by 48.9% in the 3rd quarter. Diversified Trust Co now owns 82,407 shares of the company's stock valued at $749,000 after purchasing an additional 27,052 shares during the last quarter. Allworth Financial LP grew its position in shares of Blue Owl Capital by 9.9% during the 3rd quarter. Allworth Financial LP now owns 42,553 shares of the company's stock worth $372,000 after buying an additional 3,818 shares during the period. Russell Investments Group Ltd. grew its position in shares of Blue Owl Capital by 5.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 214,793 shares of the company's stock worth $1,952,000 after buying an additional 10,834 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Blue Owl Capital by 7.5% during the 3rd quarter. Fifth Third Bancorp now owns 50,294 shares of the company's stock worth $457,000 after buying an additional 3,515 shares during the period. Institutional investors own 35.85% of the company's stock.

About Blue Owl Capital

Blue Owl Capital Inc is an alternative asset manager that provides private-market investment strategies and capital solutions to institutional and individual investors. Its businesses span private credit, GP strategic capital and real assets.

Through its credit platform, the company provides financing to businesses, including middle-market companies. Its GP strategic capital business invests in and provides financing to alternative asset managers, while its real assets platform focuses on areas such as real estate and infrastructure.

Blue Owl was formed in 2021 through the combination of Owl Rock Capital Group and Dyal Capital Partners.

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