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Blue Owl Capital Inc (OWL) Is Up 21.01% in 2024 With Lots of Room to Run

Blue Owl Capital Inc (NYSE: OWL) is 21.01% higher on its value in year-to-date trading and has touched a low of $12.00 and a high of $20.13 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OWL stock was last observed hovering at around $17.54 in the last trading session, with the day’s gains setting it 0.49%.

Currently trading at $18.03, the stock is 4.73% and 2.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.53 million and changing 2.79% at the moment leaves the stock 4.92% off its SMA200. OWL registered 50.00% gain for a year compared to 6-month gain of 4.16%.

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The stock witnessed a 0.00% loss in the last 1 month and extending the period to 3 months gives it a 5.38%, and is 8.61% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.77% over the week and 2.48% over the month.

Blue Owl Capital Inc (OWL) has around 685 employees, a market worth around $10.12B and $1.99B in sales. Current P/E ratio is 98.74 and Fwd P/E is 18.54. Profit margin for the company is 4.64%. Distance from 52-week low is 50.25% and -10.43% from its 52-week high. The company has generated returns on investments over the last 12 months (2.02%).

The EPS is expected to grow by 20.35% this year.

Blue Owl Capital Inc (OWL) Top Institutional Holders

481.0 institutions hold shares in Blue Owl Capital Inc (OWL), with institutional investors hold 92.63% of the company’s shares. The shares outstanding are 561.14M, and float is at 549.18M with Short Float at 6.25%. Institutions hold 92.59% of the Float.

The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 68.09 million shares valued at $1.21 billion. The investor’s holdings represent 13.941% of the OWL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 45.49 million shares valued at $807.41 million to account for 9.313 of the shares outstanding. The other top investors are BANK OF AMERICA CORP /DE/ which holds 40.42 million shares representing 8.2758% and valued at over $717.49 million, while CAPITAL INTERNATIONAL INVESTORS holds 8.1165 of the shares totaling 39.64 million with a market value of $703.68 million.

Blue Owl Capital Inc (OWL) Insider Activity

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Still, SEC filings show that on Jan 29 ’24, Glide Path Solutions 2020, L.P (10% Owner) disposed off 4,500,000 shares at an average price of $15.81 for $71.17 million. The insider now directly holds 0 shares of Blue Owl Capital Inc (OWL).

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