In yesterday’s Wall Street session, Blue Owl Capital Inc (NYSE:OWL) shares traded at $16.38, up 3.61% from the previous session.
OWL stock price is now -9.13% away from the 50-day moving average and -1.35% away from the 200-day moving average. The market capitalization of the company currently stands at $8.53B.
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With the price target maintained at $21, Oppenheimer recently Upgraded its rating from Perform to Outperform for Blue Owl Capital Inc (NYSE: OWL). On July 08, 2024, TD Cowen Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $21.50 to quote $19, while ‘Deutsche Bank’ rates the stock as ‘Buy’
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 $20.13. As of last week, the company has a debt-to-equity ratio of 1.61, a current ratio of 2.33, and a quick ratio of 2.33. According to the stock market information, the enterprise value for the company is $15032721408, which is based on a 89.70 price-to-earnings ratio, a 4.44 price-to-earnings-growth ratio, and a beta of 1.25. The fifty day moving average price for OWL is $17.9762 and a two-hundred day moving average price translates $16.62015 for the stock.
The latest earnings results from Blue Owl Capital Inc (NYSE: OWL) was released for 2024-06-30. The net profit margin was 4.64% and return on equity was 5.56% for OWL. The company reported revenue of $549.85 million for the quarter, compared to $416.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.88 percent.
