Blue Owl Capital (NYSE:OWL – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20, Zacks reports. The firm had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. Blue Owl Capital had a return on equity of 20.61% and a net margin of 4.95%. During the same quarter last year, the company posted $0.16 EPS.
Blue Owl Capital Trading Down 4.1 %
Blue Owl Capital stock traded down $0.91 during mid-day trading on Friday, hitting $21.45. The company had a trading volume of 9,159,480 shares, compared to its average volume of 5,858,687. Blue Owl Capital has a 12 month low of $12.24 and a 12 month high of $24.17. The company has a market capitalization of $31.39 billion, a PE ratio of 126.18, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. The stock’s 50 day moving average price is $19.81 and its two-hundred day moving average price is $18.68.
Blue Owl Capital Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital’s payout ratio is 423.55%.
Analyst Ratings Changes
Read Our Latest Research Report on OWL
Blue Owl Capital Company Profile
Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.
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