Investors Purchase High Volume of Blue Owl Capital Call Options (NYSE:OWL)

Blue Owl Capital Inc. (NYSE:OWL) saw some unusual options trading activity on Wednesday. Traders purchased 60,416 call options on the company. This represents an increase of approximately 135% compared to the typical daily volume of 25,720 call options.

Blue Owl Capital Price Performance

OWL stock opened at $12.05 on Thursday. The firm has a market cap of $18.79 billion, a price-to-earnings ratio of 200.87, a PEG ratio of 1.03 and a beta of 1.11. Blue Owl Capital has a 1-year low of $11.65 and a 1-year high of $25.89. The firm has a fifty day moving average price of $15.27 and a two-hundred day moving average price of $16.69.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OWL. Wolfe Research set a $20.00 price objective on Blue Owl Capital in a research note on Wednesday, January 7th. JPMorgan Chase & Co. raised their price target on shares of Blue Owl Capital from $21.50 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Piper Sandler dropped their price target on shares of Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. UBS Group reduced their price objective on shares of Blue Owl Capital from $18.00 to $16.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Finally, Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.78.

Insider Activity

In other news, insider Craig Packer acquired 110,227 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were purchased at an average price of $15.06 per share, for a total transaction of $1,660,018.62. Following the acquisition, the insider directly owned 94,000 shares of the company’s stock, valued at $1,415,640. This represents a -679.28% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alan Kirshenbaum acquired 33,670 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was purchased at an average cost of $14.87 per share, with a total value of $500,672.90. Following the completion of the transaction, the chief financial officer owned 33,670 shares in the company, valued at $500,672.90. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 395,670 shares of company stock worth $5,952,393. Company insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of OWL. Insigneo Advisory Services LLC increased its holdings in Blue Owl Capital by 2.7% in the second quarter. Insigneo Advisory Services LLC now owns 19,521 shares of the company’s stock worth $375,000 after buying an additional 516 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Blue Owl Capital by 7.3% in the third quarter. Nisa Investment Advisors LLC now owns 10,011 shares of the company’s stock worth $169,000 after acquiring an additional 685 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Blue Owl Capital by 5.6% during the 3rd quarter. Park Avenue Securities LLC now owns 13,149 shares of the company’s stock worth $223,000 after purchasing an additional 699 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Blue Owl Capital by 6.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,195 shares of the company’s stock worth $239,000 after purchasing an additional 724 shares during the last quarter. Finally, Kaizen Financial Strategies raised its holdings in shares of Blue Owl Capital by 5.9% during the 2nd quarter. Kaizen Financial Strategies now owns 13,155 shares of the company’s stock valued at $253,000 after purchasing an additional 730 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

About Blue Owl Capital

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.