Blue Owl Capital Sees Unusually High Options Volume (NYSE:OWL)

Blue Owl Capital Inc. (NYSE:OWL) saw unusually large options trading activity on Monday. Traders acquired 15,919 put options on the stock. This represents an increase of 254% compared to the average volume of 4,492 put options.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded up $0.20 during mid-day trading on Monday, reaching $16.10. 3,229,612 shares of the company were exchanged, compared to its average volume of 6,189,701. The firm has a market cap of $24.77 billion, a P/E ratio of 92.82, a PEG ratio of 1.23 and a beta of 1.20. Blue Owl Capital has a 12-month low of $14.58 and a 12-month high of $26.73. The business has a fifty day moving average of $21.82 and a 200 day moving average of $22.43.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Sell-side analysts predict that Blue Owl Capital will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 4.47%. Blue Owl Capital’s payout ratio is presently 423.53%.

Institutional Trading of Blue Owl Capital

Large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its stake in shares of Blue Owl Capital by 14.4% in the third quarter. The Manufacturers Life Insurance Company now owns 114,277 shares of the company’s stock worth $2,212,000 after buying an additional 14,411 shares during the last quarter. Benjamin Edwards Inc. lifted its position in shares of Blue Owl Capital by 93.2% in the third quarter. Benjamin Edwards Inc. now owns 22,230 shares of the company’s stock valued at $430,000 after acquiring an additional 10,721 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Blue Owl Capital by 13.6% during the 3rd quarter. Quantinno Capital Management LP now owns 59,261 shares of the company’s stock worth $1,147,000 after purchasing an additional 7,112 shares during the last quarter. State Street Corp grew its stake in Blue Owl Capital by 5.6% during the 3rd quarter. State Street Corp now owns 8,452,073 shares of the company’s stock valued at $163,632,000 after acquiring an additional 449,066 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its position in shares of Blue Owl Capital by 1.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock valued at $622,000 after purchasing an additional 443 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OWL has been the subject of several research reports. Oppenheimer upped their target price on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. Cfra Research upgraded shares of Blue Owl Capital to a “moderate buy” rating in a report on Thursday, March 27th. Piper Sandler increased their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Finally, Barclays started coverage on Blue Owl Capital in a research report on Monday, February 24th. They issued an “overweight” rating and a $29.00 target price on the stock. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus price target of $26.33.

About Blue Owl Capital

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.