Blue Owl Capital (NYSE:OWL) Rating Increased to Hold at Zacks Investment Research

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Blue Owl Capital (NYSE:OWLGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday, Zacks.com reports.

According to Zacks, “Blue Owl Capital is an alternative asset manager which provides investors access to direct lending and GP capital solutions strategies through a variety of vehicles. Blue Owl Capital, formerly known as Altimar Acquisition Corporation, is based in NEW YORK. “

Separately, Bank of America initiated coverage on Blue Owl Capital in a report on Monday, January 24th. They set a “buy” rating and a $18.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $16.86.

OWL opened at $11.13 on Friday. The business has a fifty day moving average of $12.62 and a 200 day moving average of $13.69. Blue Owl Capital has a 52-week low of $9.65 and a 52-week high of $17.89.

Blue Owl Capital (NYSE:OWLGet Rating) last posted its quarterly earnings data on Thursday, February 17th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Blue Owl Capital had a negative return on equity of 21.99% and a negative net margin of 43.10%. The company had revenue of $288.52 million during the quarter, compared to analysts’ expectations of $247.20 million. As a group, research analysts forecast that Blue Owl Capital will post 0.54 earnings per share for the current fiscal year.

In other news, Director Claudia A. Holz bought 10,000 shares of the stock in a transaction on Wednesday, March 9th. The stock was acquired at an average cost of $12.24 per share, for a total transaction of $122,400.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 31.19% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in OWL. Blue Owl Capital Holdings LP bought a new position in shares of Blue Owl Capital in the 4th quarter worth $1,670,516,000. Capital World Investors bought a new position in shares of Blue Owl Capital in the 4th quarter worth $587,723,000. Capital International Investors raised its position in shares of Blue Owl Capital by 399.5% in the 4th quarter. Capital International Investors now owns 22,936,362 shares of the company’s stock worth $341,981,000 after acquiring an additional 18,344,821 shares in the last quarter. State of New Jersey Common Pension Fund E bought a new position in shares of Blue Owl Capital in the 4th quarter worth $147,703,000. Finally, Bain Capital Public Equity Management II LLC bought a new position in shares of Blue Owl Capital in the 3rd quarter worth $61,498,000. 31.96% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Company Profile (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.

Further Reading

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