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

Blue Owl Capital Inc. (NYSE:OWL) was the target of some unusual options trading on Monday. Stock investors acquired 185,771 put options on the company. This represents an increase of approximately 222% compared to the average volume of 57,693 put options.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OWL. Raymond James Financial reiterated a “strong-buy” rating on shares of Blue Owl Capital in a report on Thursday, February 19th. Barclays lifted their price target on Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. UBS Group reiterated a “neutral” rating and set a $9.50 price target on shares of Blue Owl Capital in a report on Thursday. Citizens Jmp lowered their target price on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft downgraded Blue Owl Capital from a “buy” rating to a “hold” rating and lowered their target price for the company from $15.00 to $10.00 in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.04.

Blue Owl Capital Stock Up 0.1%

Shares of NYSE:OWL traded up $0.01 on Monday, reaching $9.69. The company had a trading volume of 19,350,630 shares, compared to its average volume of 28,663,039. Blue Owl Capital has a twelve month low of $7.95 and a twelve month high of $21.08. The stock has a 50-day moving average price of $9.59 and a 200 day moving average price of $11.88. The stock has a market capitalization of $15.07 billion, a P/E ratio of 80.71, a P/E/G ratio of 1.02 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.19 earnings per share 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 analysts’ expectations of $687.23 million. On average, sell-side analysts predict that Blue Owl Capital will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a $0.23 dividend. 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 dividend yield of 9.5%. The ex-dividend date of this dividend was Wednesday, May 13th. Blue Owl Capital’s payout ratio is presently 766.67%.

Institutional Trading of Blue Owl Capital

Institutional investors and hedge funds have recently made changes to their positions in the stock. Arax Advisory Partners acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth about $25,000. Roxbury Financial LLC lifted its position in shares of Blue Owl Capital by 383.6% during the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after purchasing an additional 1,400 shares during the last quarter. Toronto Dominion Bank acquired a new position in shares of Blue Owl Capital during the 4th quarter worth about $26,000. Lavaca Capital LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter worth about $28,000. Finally, Essential Partners LLC lifted its position in shares of Blue Owl Capital by 739.7% during the 1st quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock worth $29,000 after purchasing an additional 2,833 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

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.