Blue Owl Capital Inc. (NYSE:OWL – Get Free Report) was the recipient of some unusual options trading on Thursday. Stock traders purchased 100,522 put options on the stock. This is an increase of 123% compared to the typical daily volume of 45,027 put options.
Blue Owl Capital Stock Performance
Shares of OWL stock traded down $0.27 on Thursday, reaching $11.51. 2,035,552 shares of the company were exchanged, compared to its average volume of 26,202,326. The company has a market cap of $17.94 billion, a price-to-earnings ratio of 95.88, a P/E/G ratio of 1.29 and a beta of 1.19. The business has a 50-day moving average price of $9.99 and a 200 day moving average price of $10.04. Blue Owl Capital has a 1 year low of $7.95 and a 1 year high of $19.29.
Blue Owl Capital (NYSE:OWL – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The firm had revenue of $693.56 million for the quarter, compared to analyst estimates of $693.15 million. As a group, equities analysts anticipate that Blue Owl Capital will post 0.88 earnings per share for the current year.
Blue Owl Capital Announces Dividend
Institutional Trading of Blue Owl Capital
A number of institutional investors have recently made changes to their positions in the company. Arax Advisory Partners acquired a new position in Blue Owl Capital in the 4th quarter valued at $25,000. Toronto Dominion Bank acquired a new stake in Blue Owl Capital during the 4th quarter worth $26,000. Burk Holdings LLC purchased a new stake in shares of Blue Owl Capital during the second quarter worth $27,000. Lavaca Capital LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth $28,000. Finally, Essential Partners LLC raised its position in shares of Blue Owl Capital by 739.7% in the first quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock valued at $29,000 after buying an additional 2,833 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
OWL has been the subject of a number of research reports. UBS Group reaffirmed a “neutral” rating and set a $9.50 price target on shares of Blue Owl Capital in a research report on Thursday, June 11th. Keefe, Bruyette & Woods upgraded Blue Owl Capital to a “hold” rating in a research note on Monday, July 20th. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, July 9th. Barclays upped their target price on Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Finally, BMO Capital Markets increased their price target on shares of Blue Owl Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. One 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.44.
Blue Owl Capital Company Profile
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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