Blue Owl Capital Target of Unusually Large Options Trading (NYSE:OWL)

Blue Owl Capital Inc. (NYSE:OWLGet Free Report) saw some unusual options trading on Monday. Traders acquired 49,159 put options on the stock. This is an increase of 37% compared to the typical volume of 35,786 put options.

Institutional Investors Weigh In On Blue Owl Capital

Institutional investors have recently added to or reduced their stakes in the stock. Arax Advisory Partners bought a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $25,000. Toronto Dominion Bank acquired a new stake in Blue Owl Capital in the 4th quarter valued at $26,000. Lavaca Capital LLC bought a new stake in Blue Owl Capital in the fourth quarter valued at $28,000. Essential Partners LLC raised its stake in Blue Owl Capital by 739.7% during the first quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock worth $29,000 after acquiring an additional 2,833 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC raised its stake in Blue Owl Capital by 83.5% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock worth $30,000 after acquiring an additional 910 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. TD Cowen restated a “buy” rating and issued a $14.00 price target on shares of Blue Owl Capital in a research report on Monday, May 18th. Credit Suisse Group set a $9.10 price objective on shares of Blue Owl Capital in a report on Thursday, July 2nd. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a research report on Thursday, July 9th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $10.50 target price on shares of Blue Owl Capital in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.44.

View Our Latest Stock Report on Blue Owl Capital

Blue Owl Capital Stock Up 6.8%

OWL traded up $0.70 during trading on Monday, reaching $11.01. 17,989,647 shares of the company’s stock were exchanged, compared to its average volume of 26,619,023. Blue Owl Capital has a fifty-two week low of $7.95 and a fifty-two week high of $20.58. The business has a 50 day moving average price of $9.50 and a 200 day moving average price of $10.35. The company has a market capitalization of $17.11 billion, a P/E ratio of 91.72, a PEG ratio of 1.11 and a beta of 1.22.

Blue Owl Capital (NYSE:OWLGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Blue Owl Capital had a net margin of 2.71% and a return on equity of 22.76%. The firm had revenue of $693.56 million for the quarter, compared to analyst estimates of $693.15 million. As a group, research analysts forecast that Blue Owl Capital will post 0.87 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a yield of 8.4%. Blue Owl Capital’s payout ratio is presently 766.67%.

Blue Owl Capital Company Profile

(Get Free Report)

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.

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