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. It offers its solutions through permanent capital vehicles, as well as long-dated private funds. The company is headquartered in New York, New York.
Blue Owl Capital Price Performance
Blue Owl Capital stock traded up $0.18 during midday trading on Monday, reaching $12.49. The company had a trading volume of 2,973,726 shares, compared to its average volume of 2,783,742. The company has a market capitalization of $17.45 billion, a P/E ratio of -62.45, a P/E/G ratio of 0.63 and a beta of 1.11. Blue Owl Capital has a 12-month low of $9.52 and a 12-month high of $17.89. The firm's fifty day simple moving average is $10.97 and its 200-day simple moving average is $11.92.
Blue Owl Capital (NYSE:OWL - Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The company had revenue of $275.98 million during the quarter, compared to analysts' expectations of $290.30 million. Blue Owl Capital had a negative net margin of 5.81% and a positive return on equity of 11.37%. On average, analysts expect that Blue Owl Capital will post 0.53 EPS for the current fiscal year.
Blue Owl Capital Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Investors of record on Monday, August 22nd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, August 19th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 3.52%. Blue Owl Capital's dividend payout ratio (DPR) is currently -200.00%.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Blue Owl Capital in a research report on Thursday, July 7th. They set a "neutral" rating and a $13.00 price target on the stock. JMP Securities assumed coverage on Blue Owl Capital in a research report on Wednesday, June 8th. They set an "outperform" rating and a $18.00 price target on the stock. Finally, The Goldman Sachs Group increased their price target on Blue Owl Capital from $13.75 to $15.50 and gave the stock a "buy" rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $16.31.
Insider Activity at Blue Owl Capital
In related news, major shareholder Blue Pool Capital Ltd sold 60,400 shares of the firm's stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $10.66, for a total value of $643,864.00. Following the transaction, the insider now directly owns 48,873,643 shares of the company's stock, valued at approximately $520,993,034.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 606,516 shares of company stock valued at $6,839,063. 31.19% of the stock is owned by corporate insiders.