JPMorgan Chase & Co. initiated coverage on shares of Blue Owl Capital (NYSE:OWL – Get Rating) in a research note issued to investors on Thursday, Briefing.com reports. The firm issued a neutral rating and a $13.00 price objective on the stock.
OWL has been the subject of a number of other reports. The Goldman Sachs Group reduced their price target on shares of Blue Owl Capital from $16.25 to $13.75 and set a buy rating for the company in a report on Wednesday, June 29th. JMP Securities started coverage on shares of Blue Owl Capital in a report on Wednesday, June 8th. They issued an outperform rating and a $18.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Blue Owl Capital currently has an average rating of Moderate Buy and an average price target of $16.09.
Get Blue Owl Capital alerts:Shares of Blue Owl Capital stock opened at $10.51 on Thursday. Blue Owl Capital has a fifty-two week low of $9.74 and a fifty-two week high of $17.89. The firm has a fifty day moving average price of $11.27 and a two-hundred day moving average price of $12.38.
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). Blue Owl Capital had a negative net margin of 43.10% and a negative return on equity of 21.35%. The company had revenue of $275.98 million during the quarter, compared to the consensus estimate of $290.30 million. On average, equities research analysts expect that Blue Owl Capital will post 0.55 earnings per share for the current fiscal year.The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 27th. Stockholders of record on Friday, May 20th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date was Thursday, May 19th.
Institutional investors have recently made changes to their positions in the stock. TBH Global Asset Management LLC boosted its position in Blue Owl Capital by 1.1% in the first quarter. TBH Global Asset Management LLC now owns 87,965 shares of the company's stock valued at $1,115,000 after buying an additional 1,000 shares in the last quarter. Regentatlantic Capital LLC increased its holdings in Blue Owl Capital by 6.7% during the 4th quarter. Regentatlantic Capital LLC now owns 16,103 shares of the company's stock valued at $240,000 after purchasing an additional 1,012 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in Blue Owl Capital by 12.3% during the 1st quarter. Wolverine Asset Management LLC now owns 10,025 shares of the company's stock valued at $127,000 after purchasing an additional 1,097 shares in the last quarter. Arizona State Retirement System raised its position in Blue Owl Capital by 2.5% in the 1st quarter. Arizona State Retirement System now owns 44,362 shares of the company's stock valued at $563,000 after purchasing an additional 1,099 shares during the last quarter. Finally, Family Management Corp boosted its stake in Blue Owl Capital by 0.7% in the first quarter. Family Management Corp now owns 174,208 shares of the company's stock worth $2,209,000 after purchasing an additional 1,156 shares in the last quarter. Institutional investors and hedge funds own 31.96% of the company's stock.
About Blue Owl Capital (Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Blue Owl Capital (OWL)
- MarketBeat: Week in Review 7/4 – 7/8
- Levi Strauss Proves Resilient For Dividend Investors
- AT&T (NYSE:T) Is Its Cheaper Valuation Worth A Buy?
- Altria Group (NYSE MO): A Contentious High-Yield Dividend Stock
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
Receive News & Ratings for Blue Owl Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Owl Capital and related companies with MarketBeat.com's FREE daily email newsletter.