Blue Owl Capital (NYSE:OWL) Given New $12.50 Price Target at Piper Sandler

Blue Owl Capital (NYSE:OWL) had its price objective dropped by research analysts at Piper Sandler from $15.00 to $12.50 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s target price indicates a potential upside of 47.67% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Citigroup restated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, January 27th. Zacks Research lowered Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Citizens Jmp decreased their target price on Blue Owl Capital from $26.00 to $23.00 and set a “market outperform” rating for the company in a report on Tuesday, March 17th. The Goldman Sachs Group decreased their target price on Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.47.

Blue Owl Capital Stock Performance

OWL traded up $0.02 on Tuesday, hitting $8.47. The company had a trading volume of 6,835,693 shares, compared to its average volume of 28,787,855. The stock has a fifty day moving average price of $10.69 and a 200-day moving average price of $14.00. Blue Owl Capital has a 12-month low of $7.95 and a 12-month high of $21.08. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 84.66, a P/E/G ratio of 0.78 and a beta of 1.21.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. Blue Owl Capital had a return on equity of 20.93% and a net margin of 2.75%.The company had revenue of $701.47 million for the quarter, compared to analyst estimates of $712.75 million. Analysts forecast that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Blue Owl Capital

Several hedge funds have recently bought and sold shares of OWL. Norges Bank purchased a new position in shares of Blue Owl Capital in the 4th quarter valued at about $140,643,000. William Blair Investment Management LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter valued at about $113,782,000. Boston Partners boosted its stake in shares of Blue Owl Capital by 121.9% in the 3rd quarter. Boston Partners now owns 12,153,776 shares of the company’s stock valued at $205,493,000 after buying an additional 6,677,610 shares during the period. Capital World Investors boosted its stake in shares of Blue Owl Capital by 5.9% in the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock valued at $1,348,272,000 after buying an additional 5,029,134 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Blue Owl Capital by 7.9% in the 3rd quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock valued at $1,149,833,000 after buying an additional 4,968,526 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.