Blue Owl Capital (NYSE:OWL) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Blue Owl Capital Inc. (NYSE:OWL) shares crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $10.10 and traded as high as $10.42. Blue Owl Capital shares last traded at $10.3660, with a volume of 38,053,847 shares trading hands.

Blue Owl Capital News Summary

Here are the key news stories impacting Blue Owl Capital this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations. Blue Owl reported adjusted earnings of $0.24 per share, ahead of the $0.23 consensus estimate, while revenue reached $752.6 million versus forecasts of $698.1 million. Earnings also increased from $0.22 per share a year earlier. Blue Owl Capital quarterly earnings report
• Positive Sentiment: Fee-related earnings drove growth. Reports characterized the quarter’s improvement as being driven by higher fee-related earnings, a favorable development for Blue Owl’s recurring-revenue asset-management business. Blue Owl Capital third-quarter growth
• Positive Sentiment: Assets under management reached a record $330 billion. Blue Owl said it raised nearly $50 billion over the past 12 months, expanding its potential base for future management fees across its Credit, Real Assets and GP Strategic Capital platforms. Blue Owl third-quarter results and assets under management
• Positive Sentiment: Dividend maintained at $0.23 per share. The quarterly payout equates to $0.92 annually and an indicated yield of approximately 8.9%. Shareholders of record on November 10 will receive payment on November 23. Blue Owl Capital third-quarter results
• Neutral Sentiment: Investor focus remains on fundraising quality. Although AUM and capital raising were strong, reports noted that redemptions weighed on net inflows, creating a potential concern about the pace and durability of future growth. Blue Owl fees and redemptions report
• Negative Sentiment: BMO Capital Markets lowered its expectations for Blue Owl’s stock price, potentially signaling valuation or growth concerns despite the earnings beat. BMO lowers Blue Owl stock price expectations

Analyst Ratings Changes

A number of brokerages have issued reports on OWL. Wells Fargo & Company initiated coverage on shares of Blue Owl Capital in a report on Friday, October 2nd. They issued an “equal weight” rating and a $10.00 price target on the stock. Citigroup reissued a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, September 24th. Piper Sandler cut their price objective on Blue Owl Capital from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Capital One Financial set a $12.00 target price on Blue Owl Capital in a report on Monday, August 3rd. Finally, HSBC set a $17.00 target price on Blue Owl Capital in a research report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.27.

Blue Owl Capital Trading Up 7.2%

The stock has a market capitalization of $16.16 billion, a P/E ratio of 86.39, a P/E/G ratio of 1.18 and a beta of 1.35. The business has a 50-day moving average price of $10.10 and a 200 day moving average price of $10.39.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, October 29th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The firm had revenue of $752.60 million during the quarter, compared to analyst estimates of $698.10 million. On average, sell-side analysts predict that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Tuesday, November 10th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Tuesday, November 10th. Blue Owl Capital’s payout ratio is 766.67%.

Institutional Investors Weigh In On Blue Owl Capital

Institutional investors have recently bought and sold shares of the company. SMH Capital Advisors Inc. acquired a new position in shares of Blue Owl Capital during the third quarter worth $939,000. Greenleaf Trust boosted its position in shares of Blue Owl Capital by 9.4% in the 3rd quarter. Greenleaf Trust now owns 13,158 shares of the company’s stock worth $120,000 after purchasing an additional 1,134 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Blue Owl Capital in the 3rd quarter worth $86,000. Vise Technologies Inc. grew its stake in Blue Owl Capital by 82.4% during the 3rd quarter. Vise Technologies Inc. now owns 68,228 shares of the company’s stock worth $620,000 after buying an additional 30,825 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC purchased a new position in Blue Owl Capital during the 3rd quarter worth $109,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Company Profile

Blue Owl Capital Inc (NYSE: OWL) is an alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals, and other clients. The company focuses on strategies designed to deliver income, long-term capital appreciation, and customized exposure to private markets.

Blue Owl operates across three primary platforms: Credit, GP Strategic Capital, and Real Estate. Its credit business provides private financing to companies, including direct lending and other asset-backed and specialty finance strategies.