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

Blue Owl Capital Inc. (NYSE:OWL) was the recipient of unusually large options trading on Wednesday. Traders acquired 903,378 call options on the stock. This represents an increase of 2,384% compared to the typical daily volume of 36,375 call options.

Wall Street Analyst Weigh In

OWL has been the topic of several recent analyst reports. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, July 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. Oppenheimer cut their price target on shares of Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Citizens Jmp reduced their price target on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods raised shares of Blue Owl Capital to a “hold” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.44.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $12.23 on Thursday. Blue Owl Capital has a 52-week low of $7.95 and a 52-week high of $20.49. The stock has a 50-day simple moving average of $9.76 and a 200 day simple moving average of $10.13. The company has a market cap of $19.07 billion, a PE ratio of 101.93, a PEG ratio of 1.38 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $693.56 million for 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%. On average, 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 declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.92 annualized dividend and a yield of 7.5%. Blue Owl Capital’s dividend payout ratio is 766.67%.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors have recently added to or reduced their stakes in OWL. Arax Advisory Partners acquired a new stake in Blue Owl Capital in the fourth quarter valued at $25,000. Toronto Dominion Bank acquired a new stake in Blue Owl Capital in the 4th quarter valued at about $26,000. Lavaca Capital LLC bought a new position in Blue Owl Capital during the fourth quarter worth about $28,000. Burk Holdings LLC acquired a new position in Blue Owl Capital during the second quarter worth approximately $27,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $41,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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.