Blue Owl Capital (NYSE:OWL) Raised 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 note issued on Wednesday, 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, The Goldman Sachs Group reiterated a “buy” rating and set a $16.25 price target on shares of Blue Owl Capital in a report on Tuesday, May 24th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Buy” and an average price target of $16.18.

Shares of NYSE:OWL opened at $12.52 on Wednesday. Blue Owl Capital has a 12-month low of $9.94 and a 12-month high of $17.89. The business has a fifty day simple moving average of $12.48 and a 200 day simple moving average of $13.11.

Blue Owl Capital (NYSE:OWLGet 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 return on equity of 21.35% and a negative net margin of 43.10%. The business had revenue of $275.98 million for the quarter, compared to analyst estimates of $290.30 million. Analysts expect that Blue Owl Capital will post 0.53 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of OWL. Blue Owl Capital Holdings LP acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $1,670,516,000. Capital World Investors acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $587,723,000. Capital International Investors boosted its stake in Blue Owl Capital by 399.5% during the 4th quarter. Capital International Investors now owns 22,936,362 shares of the company’s stock valued at $341,981,000 after purchasing an additional 18,344,821 shares during the last quarter. State of New Jersey Common Pension Fund E acquired a new position in Blue Owl Capital during the 4th quarter valued at about $147,703,000. Finally, Bain Capital Public Equity Management II LLC acquired a new position in Blue Owl Capital during the 3rd quarter valued at about $61,498,000. Institutional investors 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.

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