In a remarkable display of market confidence, OWL shares hit an all-time high, touching the $25.04 price level. The milestone underscores the company’s robust performance and investor optimism about its future prospects. With a market cap of $37.35 billion and impressive revenue growth of 32.15% over the last twelve months, OWL’s financial health score at InvestingPro is rated “EXCELLENT” with 3.2 out of 5. Over the past year, OWL, under its parent company Altimar Acquisition, has seen an impressive one-year turnaround, with its stock up 63.93%. This significant growth trajectory has placed OWL in a favorable position within its industry, as shareholders celebrate the company’s strong financial health and strategic market positioning. According to InvestingProthe stock appears to be slightly overvalued at current levels, with 11 additional expert tips available to subscribers, including insights on dividend growth and earnings expectations.
In other recent news, The Newmark Group (NASDAQ: ) secured a $2.3 billion loan for a data center project in Texas, and JP Morgan secured the loan in collaboration with Blue Owl Capital, Crusoe Energy Systems and Primary Digital Infrastructure. The data center is expected to start operating in early 2025. In parallel, Databricks Inc. has secured more than $5 billion in its largest round of debt financing to ease tax burdens associated with the sale of stock by its employees, coinciding with a $10 billion financing round.
Shareholders of Blue Owl Capital Corporation have approved proposals for a merger between Blue Owl Capital Corporation and Blue Owl Capital Corporation III, with the goal of creating a more diversified business development company. However, Goldman Sachs downgraded shares of Blue Owl Capital from Buy to Neutral, citing an expected slowdown in the credit business’ compound annual growth rate and increased competition. Blue Owl Capital is also considering merging several portfolio companies to form a major player in the industry. These are among the recent developments for companies.
This article was generated with the help of AI and reviewed by an editor. See our T&C for more information.
