Blue Owl Capital Inc. (NYSE: OWL) stock fell -0.58% on Thursday to $12.02 against a previous-day closing price of $12.09. With 2.74 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.97 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $12.26 whereas the lowest price it dropped to was $12.00. The 52-week range on OWL shows that it touched its highest point at $14.04 and its lowest point at $8.06 during that stretch. It currently has a 1-year price target of $15.10. With its current market cap of 16.63 billion, OWL has annualized dividend of $0.56 while the current yield stands at 4.66%. Beta for the stock currently stands at 1.31.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OWL was up-trending over the past week, with a rise of 1.52%, but this was up by 5.90% over a month. Three-month performance surged to 5.07% while six-month performance rose 18.77%. The stock gained 8.78% in the past year, while it has gained 13.40% so far this year. A look at the trailing 12-month EPS for OWL yields 0.05 with Next year EPS estimates of 0.79. For the next quarter, that number is 0.16. This implies an EPS growth rate of 98.00% for this year and 21.08% for next year.
Float and Shares Shorts:
At present, 459.40 million OWL shares are outstanding with a float of 449.38 million shares on hand for trading. On Aug 14, 2023, short shares totaled 18.36 million, which was 4.04% higher than short shares on Jul 13, 2023. In addition to Mr. Douglas Irving Ostrover as the firm’s Co-Founder, Chairman & Co-CEO, Mr. Marc S. Lipschultz serves as its Co-Founder, Co-CEO & Director.
Through their ownership of 91.24% of OWL’s outstanding shares, institutional investors have majority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, OWL reported revenue of $327.25M and operating income of -$10.15M. The EBITDA in the recently reported quarter was $56.35M and diluted EPS was -$0.00.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OWL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With OWL analysts setting a high price target of $18.00 and a low target of $13.00, the average target price over the next 12 months is $15.00. Based on these targets, OWL could surge 49.75% to reach the target high and rise by 8.15% to reach the target low. Reaching the average price target will result in a growth of 24.79% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded OWL stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 6 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 457,153 while 0 shares were sold.