Blue Owl Capital (NYSE:OWL) Hits New 1-Year Low – Should You Sell?

Blue Owl Capital Inc. (NYSE:OWL) reached a new 52-week low on Thursday . The stock traded as low as $13.25 and last traded at $13.7830, with a volume of 31325213 shares trading hands. The stock had previously closed at $13.91.

Analysts Set New Price Targets

A number of research firms recently weighed in on OWL. Barclays decreased their target price on Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Evercore ISI decreased their price objective on Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. JPMorgan Chase & Co. boosted their price objective on Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Cowen restated a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Finally, Piper Sandler reduced their target price on Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $22.00.

Blue Owl Capital Stock Performance

The firm has a 50 day moving average price of $16.52 and a two-hundred day moving average price of $18.18. The company has a market capitalization of $21.50 billion, a P/E ratio of 229.75, a price-to-earnings-growth ratio of 1.05 and a beta of 1.12.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, October 30th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $687.00 million during the quarter, compared to the consensus estimate of $685.95 million. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%. On average, equities analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.5%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 1,500.00%.

Institutional Investors Weigh In On Blue Owl Capital

Several large investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in Blue Owl Capital by 117.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock valued at $27,000 after buying an additional 867 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Blue Owl Capital during the first quarter worth approximately $31,000. SVB Wealth LLC bought a new position in shares of Blue Owl Capital in the first quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Blue Owl Capital by 58.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock worth $50,000 after acquiring an additional 916 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in Blue Owl Capital during the 1st quarter worth approximately $50,000. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Company Profile

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.