Traders Buy Large Volume of Put Options on Blue Owl Capital (NYSE:OWL)

Blue Owl Capital Inc. (NYSE:OWL) was the recipient of some unusual options trading activity on Thursday. Stock traders purchased 229,226 put options on the stock. This represents an increase of 573% compared to the average daily volume of 34,078 put options.

Institutional Investors Weigh In On Blue Owl Capital

Several large investors have recently added to or reduced their stakes in OWL. RDST Capital LLC increased its position in shares of Blue Owl Capital by 22.1% during the first quarter. RDST Capital LLC now owns 7,648,935 shares of the company’s stock worth $69,835,000 after acquiring an additional 1,383,450 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Blue Owl Capital in the second quarter valued at approximately $54,883,000. Renaissance Technologies LLC grew its stake in Blue Owl Capital by 2,107.1% in the first quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock worth $55,375,000 after purchasing an additional 5,790,400 shares in the last quarter. Estuary Capital Management LP grew its position in shares of Blue Owl Capital by 338.9% during the 1st quarter. Estuary Capital Management LP now owns 4,197,297 shares of the company’s stock worth $38,321,000 after buying an additional 3,241,040 shares in the last quarter. Finally, Lalia Capital LLC purchased a new position in Blue Owl Capital during the 2nd quarter valued at about $34,952,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on OWL. HSBC set a $17.00 price objective on shares of Blue Owl Capital in a research note on Thursday, September 24th. Raymond James Financial reiterated a “strong-buy” rating and issued a $15.00 price objective on shares of Blue Owl Capital in a report on Wednesday. Evercore restated an “outperform” rating and set a $12.00 target price on shares of Blue Owl Capital in a research note on Friday, October 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a report on Monday, September 14th. Finally, Barclays raised their target price on shares of Blue Owl Capital from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price of $12.89.

Blue Owl Capital Price Performance

Shares of OWL stock traded down $0.76 during trading hours on Thursday, hitting $9.89. The stock had a trading volume of 21,985,453 shares, compared to its average volume of 24,651,490. The stock has a market capitalization of $15.42 billion, a price-to-earnings ratio of 70.67, a PEG ratio of 1.15 and a beta of 1.31. Blue Owl Capital has a one year low of $7.95 and a one year high of $17.00. The stock’s 50-day moving average price is $10.01 and its two-hundred day moving average price is $10.29.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. Blue Owl Capital had a return on equity of 24.70% and a net margin of 3.08%. The company had revenue of $752.60 million during the quarter, compared to analyst estimates of $698.10 million. As a group, equities research analysts predict that Blue Owl Capital will post 0.89 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 Monday, November 23rd. Stockholders of record on Tuesday, November 10th will be issued a $0.23 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.3%. Blue Owl Capital’s dividend payout ratio is presently 657.14%.

Blue Owl Capital Company Profile

Blue Owl Capital Inc (NYSE: OWL) is an alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals, and other clients. The company focuses on strategies designed to deliver income, long-term capital appreciation, and customized exposure to private markets.

Blue Owl operates across three primary platforms: Credit, GP Strategic Capital, and Real Estate. Its credit business provides private financing to companies, including direct lending and other asset-backed and specialty finance strategies.