Oppenheimer Issues Positive Forecast for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its price objective boosted by Oppenheimer from $15.00 to $17.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price objective indicates a potential upside of 39.98% from the stock’s previous close.

A number of other brokerages have also issued reports on OWL. BMO Capital Markets boosted their price target on Blue Owl Capital from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Capital One Financial set a $12.00 price objective on Blue Owl Capital in a report on Monday, August 3rd. Credit Suisse Group set a $9.10 target price on Blue Owl Capital in a research report on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. Finally, TD Cowen reissued a “buy” rating on shares of Blue Owl Capital in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.57.

Blue Owl Capital Price Performance

Shares of OWL opened at $12.14 on Thursday. The firm has a market capitalization of $18.94 billion, a price-to-earnings ratio of 101.46, a PEG ratio of 1.30 and a beta of 1.19. Blue Owl Capital has a 1-year low of $7.95 and a 1-year high of $19.29. The company has a 50-day moving average of $10.19 and a 200 day moving average of $10.01.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, July 30th. The company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $693.56 million for the quarter, compared to the consensus estimate of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. On average, equities analysts anticipate that Blue Owl Capital will post 0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Blue Owl Capital

A number of large investors have recently bought and sold shares of the business. Edgestream Partners L.P. boosted its position in Blue Owl Capital by 374.3% during the 1st quarter. Edgestream Partners L.P. now owns 254,565 shares of the company’s stock valued at $2,324,000 after acquiring an additional 200,896 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Blue Owl Capital by 129.4% in the 4th quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock worth $3,590,000 after acquiring an additional 135,184 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Blue Owl Capital by 2,107.1% during the 1st quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock worth $55,375,000 after purchasing an additional 5,790,400 shares during the last quarter. Verity & Verity LLC lifted its stake in shares of Blue Owl Capital by 45.2% during the 4th quarter. Verity & Verity LLC now owns 1,036,594 shares of the company’s stock worth $15,487,000 after purchasing an additional 322,530 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Blue Owl Capital by 38.8% during the first quarter. Royal Bank of Canada now owns 892,317 shares of the company’s stock valued at $8,147,000 after purchasing an additional 249,461 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Company Profile

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.