Traders Buy High Volume of Call Options on Blue Owl Capital (NYSE:OWL)

Blue Owl Capital Inc. (NYSE:OWLGet Free Report) was the recipient of unusually large options trading on Wednesday. Investors bought 903,378 call options on the company. This represents an increase of approximately 2,384% compared to the typical volume of 36,375 call options.

Analysts Set New Price Targets

A number of research firms recently issued reports on OWL. TD Cowen restated a “buy” rating on shares of Blue Owl Capital in a report on Thursday, August 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital to a “hold” rating in a report on Monday, July 20th. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average target price of $13.44.

Check Out Our Latest Report on Blue Owl Capital

Blue Owl Capital Price Performance

OWL traded down $0.09 on Wednesday, reaching $12.23. 16,925,945 shares of the company’s stock were exchanged, compared to its average volume of 26,611,232. The stock’s fifty day moving average price is $9.71 and its 200-day moving average price is $10.15. The stock has a market cap of $19.07 billion, a PE ratio of 101.93, a P/E/G ratio of 1.30 and a beta of 1.19. Blue Owl Capital has a twelve month low of $7.95 and a twelve month high of $20.49.

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, hitting analysts’ consensus estimates of $0.22. The business had revenue of $693.56 million during the quarter, compared to the consensus estimate of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. As a group, research analysts predict that Blue Owl Capital will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Thursday, August 13th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Edgestream Partners L.P. boosted its stake in shares of Blue Owl Capital by 374.3% during the 1st quarter. Edgestream Partners L.P. now owns 254,565 shares of the company’s stock valued at $2,324,000 after buying an additional 200,896 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Blue Owl Capital by 129.4% in the 4th quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock worth $3,590,000 after acquiring an additional 135,184 shares during the period. Renaissance Technologies LLC increased its position in Blue Owl Capital by 2,107.1% in the 1st quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock valued at $55,375,000 after acquiring an additional 5,790,400 shares during the period. Verity & Verity LLC raised its position in shares of Blue Owl Capital by 45.2% during the 4th quarter. Verity & Verity LLC now owns 1,036,594 shares of the company’s stock worth $15,487,000 after buying an additional 322,530 shares in the last quarter. Finally, Bank of Nova Scotia raised its stake in shares of Blue Owl Capital by 81.8% in the 1st quarter. Bank of Nova Scotia now owns 700,922 shares of the company’s stock worth $6,400,000 after buying an additional 315,432 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

About Blue Owl Capital

(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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