Blue Owl Capital (NYSE:OWL) Announces Earnings Results, Beats Estimates By $0.01 EPS

Blue Owl Capital (NYSE:OWLGet Free Report) released its quarterly earnings results on Friday. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01, Zacks reports. The firm had revenue of $494.04 million for the quarter, compared to analysts’ expectations of $438.77 million. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.23%. During the same quarter last year, the company earned $0.15 EPS.

Blue Owl Capital Price Performance

Shares of OWL opened at $17.47 on Monday. The stock has a market capitalization of $24.61 billion, a P/E ratio of 174.72, a P/E/G ratio of 1.06 and a beta of 1.22. The firm’s 50 day moving average is $14.90 and its 200-day moving average is $13.39. Blue Owl Capital has a 12-month low of $9.70 and a 12-month high of $18.33.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 5th. Stockholders of record on Friday, February 23rd will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Thursday, February 22nd. Blue Owl Capital’s dividend payout ratio (DPR) is presently 560.06%.

Insider Buying and Selling

In other news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $15.81, for a total value of $71,145,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 33.39% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Capital World Investors raised its position in shares of Blue Owl Capital by 3.4% during the first quarter. Capital World Investors now owns 40,767,463 shares of the company’s stock worth $516,931,000 after purchasing an additional 1,349,425 shares during the period. Vanguard Group Inc. grew its holdings in shares of Blue Owl Capital by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 35,764,807 shares of the company’s stock valued at $330,110,000 after acquiring an additional 110,379 shares in the last quarter. Capital International Investors increased its position 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 purchasing an additional 183,098 shares during the last quarter. BlackRock Inc. raised its position in Blue Owl Capital by 1.4% during the first quarter. BlackRock Inc. now owns 15,301,223 shares of the company’s stock worth $169,538,000 after acquiring an additional 204,662 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Blue Owl Capital by 4.0% in the 2nd quarter. State Street Corp now owns 6,240,389 shares of the company’s stock valued at $72,701,000 after purchasing an additional 238,961 shares during the period. Institutional investors own 29.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OWL. TD Cowen started coverage on Blue Owl Capital in a research report on Thursday, January 4th. They set an “outperform” rating and a $17.00 price target for the company. UBS Group restated a “neutral” rating and set a $14.00 target price (down previously from $15.00) on shares of Blue Owl Capital in a research note on Friday, October 20th. Evercore ISI boosted their target price on Blue Owl Capital from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Monday, December 4th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $18.00 target price on shares of Blue Owl Capital in a report on Wednesday, December 20th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $15.88.

Get Our Latest Report on OWL

Blue Owl Capital Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Blue Owl Capital (NYSE:OWL)

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