Citizens Jmp Cuts Blue Owl Capital (NYSE:OWL) Price Target to $21.00

Blue Owl Capital (NYSE:OWL) had its target price decreased by equities research analysts at Citizens Jmp from $23.00 to $21.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective would indicate a potential upside of 110.21% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on OWL. Wolfe Research set a $20.00 price target on shares of Blue Owl Capital in a research report on Wednesday, January 7th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Blue Owl Capital in a research report on Thursday, February 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, January 21st. Zacks Research cut Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Finally, BMO Capital Markets lowered their price target on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.84.

Blue Owl Capital Trading Up 1.2%

NYSE OWL opened at $9.99 on Wednesday. The stock has a market cap of $15.53 billion, a PE ratio of 100.70, a P/E/G ratio of 1.07 and a beta of 1.21. Blue Owl Capital has a twelve month low of $7.95 and a twelve month high of $21.08. The stock has a fifty day simple moving average of $9.81 and a 200-day simple moving average of $13.36.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data 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 net margin of 2.75% and a return on equity of 20.93%. The firm had revenue of $701.47 million for the quarter, compared to analyst estimates of $712.75 million. Research analysts predict that Blue Owl Capital will post 0.9 EPS for the current year.

Institutional Trading of Blue Owl Capital

Several hedge funds have recently modified their holdings of OWL. Arax Advisory Partners acquired a new position in Blue Owl Capital during the 4th quarter worth $25,000. Roxbury Financial LLC raised its position in Blue Owl Capital by 383.6% in the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after purchasing an additional 1,400 shares in the last quarter. Toronto Dominion Bank acquired a new stake in Blue Owl Capital in the 4th quarter valued at about $26,000. Parkside Financial Bank & Trust boosted its stake in shares of Blue Owl Capital by 117.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock valued at $27,000 after buying an additional 867 shares during the period. Finally, Lavaca Capital LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter worth about $28,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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.