Blue Owl Capital (NYSE:OWL) Sees Strong Trading Volume

Shares of Blue Owl Capital Inc. (NYSE:OWL) saw strong trading volume on Thursday . 14,686,530 shares were traded during mid-day trading, an increase of 180% from the previous session’s volume of 5,244,983 shares.The stock last traded at $17.05 and had previously closed at $19.07.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Evercore ISI boosted their target price on shares of Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Piper Sandler decreased their target price on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $21.00 price target on shares of Blue Owl Capital in a report on Monday, June 10th. UBS Group decreased their price objective on shares of Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $18.50 price objective on shares of Blue Owl Capital in a research report on Thursday, June 13th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.81.

Blue Owl Capital Stock Performance

The stock has a market capitalization of $24.55 billion, a P/E ratio of 145.42, a PEG ratio of 1.20 and a beta of 1.18. The business has a fifty day simple moving average of $18.13 and a 200-day simple moving average of $17.88.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $486.55 million for the quarter, compared to analysts’ expectations of $478.47 million. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.15%. On average, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.81 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Kinetic Partners Management LP purchased a new stake in shares of Blue Owl Capital during the 1st quarter valued at $69,600,000. Capital International Investors lifted its stake in Blue Owl Capital by 12.0% in the fourth quarter. Capital International Investors now owns 33,177,641 shares of the company’s stock valued at $494,347,000 after purchasing an additional 3,565,657 shares during the last quarter. State of New Jersey Common Pension Fund A purchased a new stake in Blue Owl Capital in the second quarter worth $63,115,000. Balyasny Asset Management L.P. purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at $46,030,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Blue Owl Capital during the first quarter valued at about $48,517,000. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Company Profile

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.