Blue Owl Capital (NYSE:OWL) Hits New 52-Week High – Time to Buy?

Blue Owl Capital Inc. (NYSE:OWL) reached a new 52-week high on Friday . The company traded as high as $20.76 and last traded at $20.63, with a volume of 578098 shares traded. The stock had previously closed at $20.12.

Analyst Ratings Changes

OWL has been the topic of several research reports. Deutsche Bank Aktiengesellschaft dropped their target price on Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. restated a “neutral” rating and set a $18.50 price target on shares of Blue Owl Capital in a research note on Thursday, June 13th. Piper Sandler lowered their target price on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. UBS Group cut their price objective on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Oppenheimer raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.44.

Blue Owl Capital Price Performance

The firm has a 50 day moving average of $17.85 and a 200-day moving average of $18.18. The stock has a market capitalization of $29.83 billion, a P/E ratio of 174.00, a price-to-earnings-growth ratio of 1.19 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $549.85 million during the quarter, compared to analysts’ expectations of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same period last year, the business earned $0.16 earnings per share. As a group, equities analysts expect that Blue Owl Capital Inc. will post 0.79 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date was Wednesday, August 21st. Blue Owl Capital’s dividend payout ratio is 600.00%.

Institutional Trading of Blue Owl Capital

Large investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB raised its stake in shares of Blue Owl Capital by 54.9% in the third quarter. Handelsbanken Fonder AB now owns 130,300 shares of the company’s stock valued at $2,523,000 after acquiring an additional 46,200 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Blue Owl Capital during the second quarter worth $1,035,000. Granite FO LLC acquired a new stake in shares of Blue Owl Capital in the second quarter valued at $3,918,000. NewEdge Advisors LLC grew its holdings in Blue Owl Capital by 661.2% during the 2nd quarter. NewEdge Advisors LLC now owns 276,197 shares of the company’s stock worth $4,902,000 after acquiring an additional 239,914 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Blue Owl Capital by 25.2% in the second quarter. Creative Planning now owns 50,771 shares of the company’s stock worth $901,000 after acquiring an additional 10,224 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

About Blue Owl Capital

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.