Stocks of Blue Owl Capital Inc (NYSE:OWL) traded higher last session on Wall Street, up 1.67% to $18.83.
OWL stock price is now 2.46% away from the 50-day moving average and 25.83% away from the 200-day moving average. The market capitalization of the company currently stands at $9.43B.
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With the price target enhanced from $18 to $22, UBS Upgraded its rating from Neutral to Buy for Blue Owl Capital Inc (NYSE: OWL). On January 04, 2024, TD Cowen recently initiated its ‘Outperform’ rating on the stock quoting a target price of $17, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, Glide Path Solutions 2020, L.P, 10% Owner sold 4,500,000 shares of the company’s stock on Jan 29 ’24. The stock was sold for $71,167,500 at an average price of $15.81. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 29 ’24, 10% Owner Glide Path Solutions 2020, L.P sold 2,000,000 shares of the business’s stock. A total of $31,630,000 was realized by selling the stock at an average price of $15.81. A total of 1.86% of the company’s stock is owned by insiders.
During the past 12 months, Blue Owl Capital Inc has had a low of $9.70 and a high of $19.87. As of last week, the company has a debt-to-equity ratio of 1.46, a current ratio of 1.75, and a quick ratio of 1.75.
The net profit margin was 3.84% and return on equity was 4.40% for OWL. The company reported revenue of $513.34 million for the quarter, compared to $390.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.29 percent.
