The stock of Blue Owl Capital Inc (NYSE:OWL) last traded at $16.69, down -0.24% from the previous session.
OWL stock price is now -10.32% away from the 50-day moving average and 7.63% away from the 200-day moving average. The market capitalization of the company currently stands at $8.36B.
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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 1.38% of the company’s stock is owned by insiders.
During the past 12 months, Blue Owl Capital Inc has had a low of $10.64 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. According to the stock market information, the enterprise value for the company is $14136080384, which is based on a 113.00 price-to-earnings ratio, a 5.46 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for OWL is $18.5698 and a two-hundred day moving average price translates $15.5358 for the stock.
The latest earnings results from Blue Owl Capital Inc (NYSE: OWL) was released for 2024-03-31. According to the Asset Management Company, earnings per share came in at 0.16, inline with analysts’ expectations of 0.16. This compares to $0.09 EPS in the same period last year. 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. For the current quarter, analysts expect OWL to generate $508.12M in revenue.
