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

Blue Owl Capital Inc. (NYSE:OWL) was the target of some unusual options trading activity on Monday. Stock traders acquired 15,919 put options on the company. This represents an increase of approximately 254% compared to the average volume of 4,492 put options.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OWL shares. Cfra Research upgraded Blue Owl Capital to a “moderate buy” rating in a research note on Thursday, March 27th. The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their target price for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Wells Fargo & Company dropped their price objective on shares of Blue Owl Capital from $22.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday. Oppenheimer boosted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Evercore ISI raised their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average target price of $24.10.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its position in shares of Blue Owl Capital by 14.4% during the third quarter. The Manufacturers Life Insurance Company now owns 114,277 shares of the company’s stock worth $2,212,000 after purchasing an additional 14,411 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Blue Owl Capital by 93.2% in the third quarter. Benjamin Edwards Inc. now owns 22,230 shares of the company’s stock valued at $430,000 after purchasing an additional 10,721 shares in the last quarter. Quantinno Capital Management LP boosted its position in Blue Owl Capital by 13.6% during the 3rd quarter. Quantinno Capital Management LP now owns 59,261 shares of the company’s stock worth $1,147,000 after acquiring an additional 7,112 shares during the last quarter. State Street Corp boosted its holdings in Blue Owl Capital by 5.6% during the third quarter. State Street Corp now owns 8,452,073 shares of the company’s stock worth $163,632,000 after purchasing an additional 449,066 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its stake in shares of Blue Owl Capital by 1.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock worth $622,000 after buying an additional 443 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

OWL stock opened at $15.93 on Wednesday. The business has a fifty day moving average price of $21.25 and a 200 day moving average price of $22.35. Blue Owl Capital has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The stock has a market capitalization of $24.50 billion, a price-to-earnings ratio of 93.72, a P/E/G ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, equities analysts expect that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

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.