According to Zacks, “Blue Owl Capital is an alternative asset manager which provides investors access to direct lending and GP capital solutions strategies through a variety of vehicles. Blue Owl Capital, formerly known as Altimar Acquisition Corporation, is based in NEW YORK. “
Separately, The Goldman Sachs Group reissued a buy rating and issued a $16.25 price target on shares of Blue Owl Capital in a research note on Tuesday, May 24th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of Buy and an average target price of $16.18.
Blue Owl Capital (NYSE:OWL – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Blue Owl Capital had a negative net margin of 43.10% and a negative return on equity of 21.35%. The firm had revenue of $275.98 million during the quarter, compared to analysts’ expectations of $290.30 million. On average, sell-side analysts predict that Blue Owl Capital will post 0.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Friday, May 20th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, May 19th. This represents a $0.40 dividend on an annualized basis and a yield of 3.23%.
In other news, Director Claudia A. Holz acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, March 9th. The stock was acquired at an average price of $12.24 per share, for a total transaction of $122,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 31.19% of the company’s stock.
A number of large investors have recently bought and sold shares of OWL. Blue Owl Capital Holdings LP purchased a new position in Blue Owl Capital in the fourth quarter valued at about $1,670,516,000. Capital World Investors boosted its stake in shares of Blue Owl Capital by 3.4% during the 1st quarter. Capital World Investors now owns 40,767,463 shares of the company’s stock worth $516,931,000 after acquiring an additional 1,349,425 shares in the last quarter. Capital International Investors boosted its stake in shares of Blue Owl Capital by 0.8% during the 1st quarter. Capital International Investors now owns 23,119,460 shares of the company’s stock worth $293,155,000 after acquiring an additional 183,098 shares in the last quarter. State of New Jersey Common Pension Fund E bought a new stake in shares of Blue Owl Capital during the 4th quarter worth about $147,703,000. Finally, BlackRock Inc. boosted its stake in Blue Owl Capital by 45.5% during the 4th quarter. BlackRock Inc. now owns 5,360,778 shares of the company’s stock valued at $79,931,000 after purchasing an additional 1,676,377 shares during the period. 31.96% of the stock is currently owned by hedge funds and other institutional investors.
Blue Owl Capital Company Profile (Get Rating)
Blue Owl Capital Inc operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases.
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