In yesterday’s Wall Street session, Blue Owl Capital Inc (NYSE:OWL) shares traded at $17.75, down -0.84% from the previous session.
OWL stock price is now -2.62% away from the 50-day moving average and 11.50% away from the 200-day moving average. The market capitalization of the company currently stands at $8.89B.
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On April 02, 2024, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $18 to quote $22, while ‘TD Cowen’ rates the stock as ‘Outperform’
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 1.28% 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 $14667012096, which is based on a 120.18 price-to-earnings ratio, a 6.00 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for OWL is $18.2172 and a two-hundred day moving average price translates $15.9476 for the stock.
The latest earnings results from Blue Owl Capital Inc (NYSE: OWL) was released for 2024-03-31. 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.
