Traders Purchase 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 on Wednesday. Traders bought 113,704 put options on the stock. This represents an increase of 99% compared to the average daily volume of 57,099 put options.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust increased its holdings in 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 purchasing an additional 867 shares in the last quarter. Arax Advisory Partners bought a new stake in Blue Owl Capital in the fourth quarter worth approximately $25,000. Toronto Dominion Bank bought a new stake in Blue Owl Capital in the fourth quarter worth approximately $26,000. Roxbury Financial LLC increased its holdings in Blue Owl Capital by 383.6% in the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Lavaca Capital LLC bought a new stake in Blue Owl Capital in the fourth quarter worth approximately $28,000. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

Shares of OWL traded down $0.23 during mid-day trading on Wednesday, reaching $9.77. 22,258,741 shares of the company were exchanged, compared to its average volume of 30,106,953. Blue Owl Capital has a 52 week low of $7.95 and a 52 week high of $21.08. The stock has a market capitalization of $15.18 billion, a PE ratio of 81.38, a PEG ratio of 1.06 and a beta of 1.19. The business has a 50 day simple moving average of $9.34 and a two-hundred day simple moving average of $12.75.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The company had revenue of $699.88 million during the quarter, compared to the consensus estimate of $687.23 million. On average, analysts predict that Blue Owl Capital will post 0.88 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, May 13th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 9.4%. Blue Owl Capital’s dividend payout ratio is presently 750.00%.

Wall Street Analyst Weigh In

Several research firms have commented on OWL. Citigroup reiterated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, January 27th. JPMorgan Chase & Co. dropped their target price on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Barclays raised their price objective on Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. UBS Group raised their price objective on Blue Owl Capital from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Citizens Jmp lowered their price objective on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.03.

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.