Stock Traders Buy High Volume of Blue Owl Capital Put Options (NYSE:OWL)

Blue Owl Capital Inc. (NYSE:OWL) was the target of unusually large options trading activity on Friday. Traders purchased 31,766 put options on the stock. This represents an increase of 133% compared to the typical daily volume of 13,628 put options.

Analysts Set New Price Targets

Several research analysts have recently weighed in on OWL shares. Piper Sandler decreased their price target on shares of Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, October 21st. Finally, Raymond James Financial started coverage on Blue Owl Capital in a report on Monday, July 28th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust grew its stake in shares of Blue Owl Capital by 117.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after acquiring an additional 867 shares during the last quarter. Banque Transatlantique SA purchased a new position in Blue Owl Capital in the first quarter worth about $31,000. SVB Wealth LLC bought a new position in shares of Blue Owl Capital in the first quarter worth approximately $38,000. Cullen Frost Bankers Inc. grew its holdings in shares of Blue Owl Capital by 39.1% during the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock valued at $42,000 after buying an additional 583 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Blue Owl Capital by 70.5% during the first quarter. Allworth Financial LP now owns 2,414 shares of the company’s stock valued at $45,000 after buying an additional 998 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OWL traded up $0.05 on Friday, reaching $15.00. The stock had a trading volume of 4,810,354 shares, compared to its average volume of 8,740,488. The company has a 50-day simple moving average of $17.17 and a 200-day simple moving average of $18.40. The firm has a market capitalization of $23.24 billion, a price-to-earnings ratio of 249.77, a price-to-earnings-growth ratio of 1.17 and a beta of 1.12. Blue Owl Capital has a 12-month low of $14.52 and a 12-month high of $26.73.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $727.99 million for the quarter, compared to the consensus estimate of $685.95 million. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. On average, analysts expect that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be paid a $0.225 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.90 annualized dividend and a dividend yield of 6.0%. Blue Owl Capital’s dividend payout ratio is presently 1,500.00%.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.