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

Blue Owl Capital Inc. (NYSE:OWL)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.05 and last traded at $25.29, with a volume of 4470425 shares changing hands. The stock had previously closed at $24.50.

Wall Street Analysts Forecast Growth

OWL has been the subject of a number of recent research reports. Oppenheimer upped their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. JMP Securities restated a “market outperform” rating and issued a $27.00 price target on shares of Blue Owl Capital in a research report on Wednesday, December 4th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Citigroup reiterated a “buy” rating and set a $30.00 price target on shares of Blue Owl Capital in a research note on Thursday. Finally, Piper Sandler increased their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.85.

Blue Owl Capital Stock Up 2.5 %

The business’s 50 day simple moving average is $23.79 and its 200 day simple moving average is $20.93. The stock has a market cap of $39.85 billion, a price-to-earnings ratio of 156.97, a PEG ratio of 1.39 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $600.88 million during the quarter, compared to analysts’ expectations of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same quarter in the previous year, the business posted $0.16 earnings per share. Equities research analysts forecast that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.70%. Blue Owl Capital’s payout ratio is presently 423.55%.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its stake in Blue Owl Capital by 26.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 367,436 shares of the company’s stock worth $6,522,000 after buying an additional 77,998 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Blue Owl Capital by 4.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,998 shares of the company’s stock worth $479,000 after purchasing an additional 1,103 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Blue Owl Capital by 290.7% in the 2nd quarter. Hsbc Holdings PLC now owns 39,851 shares of the company’s stock worth $721,000 after purchasing an additional 29,651 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in Blue Owl Capital by 54.5% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 45,190 shares of the company’s stock valued at $802,000 after purchasing an additional 15,942 shares during the period. Finally, Sei Investments Co. increased its stake in Blue Owl Capital by 12.9% during the 2nd quarter. Sei Investments Co. now owns 893,157 shares of the company’s stock valued at $15,854,000 after purchasing an additional 101,960 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

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.