Blue Owl Capital (NYSE:OWL) Upgraded to “Hold” at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital (NYSE:OWL) to a hold rating in a research note released on Monday morning,Zacks.com reports.

A number of other equities research analysts also recently issued reports on OWL. Oppenheimer cut their price objective on shares of Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Capital One Financial set a $11.00 target price on Blue Owl Capital in a report on Monday, July 13th. Citizens Jmp lowered their target price on Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. Citigroup reissued a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, July 9th. Finally, Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average price target of $13.16.

Blue Owl Capital Trading Up 0.5%

OWL opened at $9.40 on Monday. The company’s 50 day moving average is $9.51 and its 200 day moving average is $10.68. The company has a market cap of $14.61 billion, a price-to-earnings ratio of 78.34, a PEG ratio of 1.01 and a beta of 1.22. Blue Owl Capital has a 12-month low of $7.95 and a 12-month high of $20.68.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The business had revenue of $699.88 million during the quarter, compared to analysts’ expectations of $687.23 million. As a group, analysts predict that Blue Owl Capital will post 0.87 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.8%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio is currently 766.67%.

Institutional Trading of Blue Owl Capital

Several institutional investors and hedge funds have recently modified their holdings of OWL. Arax Advisory Partners bought a new position in Blue Owl Capital in the 4th quarter worth $25,000. Toronto Dominion Bank bought a new stake in Blue Owl Capital during the fourth quarter valued at about $26,000. Lavaca Capital LLC bought a new stake in Blue Owl Capital during the fourth quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC lifted its position in shares of Blue Owl Capital by 83.5% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 910 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Blue Owl Capital in the fourth quarter valued at about $41,000. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.