Blue Owl Capital (NYSE:OWL) Stock Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• Blue Owl Capital shares rose 7.2% and crossed above their 50-day moving average, reaching $10.42 during trading, while volume topped 38 million shares.
• Third-quarter results beat expectations: adjusted EPS was $0.24 versus $0.23 expected, and revenue was $752.6 million versus $698.1 million forecast. Assets under management reached a record $330 billion, supported by nearly $50 billion in fundraising over the past year.
• The company maintained its $0.23 quarterly dividend, implying an annualized yield of about 8.9%, while investors continue to monitor redemptions and fundraising quality. Analysts maintain a “Moderate Buy” consensus with a $13.27 average price target, despite BMO lowering its target to $11.

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $10.10 and traded as high as $10.42. Blue Owl Capital shares last traded at $10.3660, with a volume of 38,053,847 shares trading hands.

More Blue Owl Capital News

Here are the key news stories impacting Blue Owl Capital this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations. Blue Owl reported adjusted earnings of $0.24 per share, ahead of the $0.23 consensus estimate, while revenue reached $752.6 million versus forecasts of $698.1 million. Earnings also increased from $0.22 per share a year earlier. Blue Owl Capital quarterly earnings report
• Positive Sentiment: Fee-related earnings drove growth. Reports characterized the quarter’s improvement as being driven by higher fee-related earnings, a favorable development for Blue Owl’s recurring-revenue asset-management business. Blue Owl Capital third-quarter growth
• Positive Sentiment: Assets under management reached a record $330 billion. Blue Owl said it raised nearly $50 billion over the past 12 months, expanding its potential base for future management fees across its Credit, Real Assets and GP Strategic Capital platforms. Blue Owl third-quarter results and assets under management
• Positive Sentiment: Dividend maintained at $0.23 per share. The quarterly payout equates to $0.92 annually and an indicated yield of approximately 8.9%. Shareholders of record on November 10 will receive payment on November 23. Blue Owl Capital third-quarter results
• Neutral Sentiment: Investor focus remains on fundraising quality. Although AUM and capital raising were strong, reports noted that redemptions weighed on net inflows, creating a potential concern about the pace and durability of future growth. Blue Owl fees and redemptions report
• Negative Sentiment: BMO Capital Markets lowered its expectations for Blue Owl’s stock price, potentially signaling valuation or growth concerns despite the earnings beat. BMO lowers Blue Owl stock price expectations

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Oppenheimer upped their price objective on shares of Blue Owl Capital from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. The Goldman Sachs Group raised their target price on shares of Blue Owl Capital from $9.50 to $10.50 and gave the company a "neutral" rating in a research note on Monday, August 3rd. BMO Capital Markets lowered their target price on shares of Blue Owl Capital from $12.00 to $11.00 and set an "outperform" rating for the company in a report on Tuesday. HSBC set a $17.00 price target on Blue Owl Capital in a research report on Thursday, September 24th. Finally, Citigroup restated a "market outperform" rating on shares of Blue Owl Capital in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.27.

Blue Owl Capital Trading Up 7.2%

The company has a market cap of $16.16 billion, a P/E ratio of 86.39, a PEG ratio of 1.18 and a beta of 1.35. The stock's 50 day moving average is $10.10 and its 200-day moving average is $10.39.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $752.60 million for the quarter, compared to the consensus estimate of $698.10 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. As a group, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, November 10th. This represents a $0.92 dividend on an annualized basis and a yield of 8.9%. Blue Owl Capital's dividend payout ratio (DPR) is presently 766.67%.

Hedge Funds Weigh In On Blue Owl Capital

Several large investors have recently added to or reduced their stakes in OWL. SMH Capital Advisors Inc. purchased a new position in Blue Owl Capital in the 3rd quarter worth approximately $939,000. Greenleaf Trust boosted its stake in Blue Owl Capital by 9.4% in the 3rd quarter. Greenleaf Trust now owns 13,158 shares of the company's stock worth $120,000 after purchasing an additional 1,134 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Blue Owl Capital in the 3rd quarter worth approximately $86,000. Vise Technologies Inc. grew its holdings in Blue Owl Capital by 82.4% during the 3rd quarter. Vise Technologies Inc. now owns 68,228 shares of the company's stock valued at $620,000 after buying an additional 30,825 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC purchased a new stake in Blue Owl Capital during the 3rd quarter valued at approximately $109,000. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Company Profile

Blue Owl Capital Inc NYSE: OWL is an alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals, and other clients. The company focuses on strategies designed to deliver income, long-term capital appreciation, and customized exposure to private markets.

Blue Owl operates across three primary platforms: Credit, GP Strategic Capital, and Real Estate. Its credit business provides private financing to companies, including direct lending and other asset-backed and specialty finance strategies.

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