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

Blue Owl Capital Inc. (NYSE:OWL) was the recipient of some unusual options trading on Wednesday. Investors bought 113,704 put options on the stock. This represents an increase of approximately 99% compared to the typical daily volume of 57,099 put options.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Citigroup restated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft lowered Blue Owl Capital from a “buy” rating to a “hold” rating and cut their price target for the company from $15.00 to $10.00 in a research note on Tuesday, February 24th. Raymond James Financial restated a “strong-buy” rating on shares of Blue Owl Capital in a research note on Thursday, February 19th. Finally, BMO Capital Markets cut their price target on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $15.03.

Blue Owl Capital Price Performance

OWL opened at $9.77 on Thursday. The business’s 50-day moving average is $9.32 and its two-hundred day moving average is $12.70. Blue Owl Capital has a 1 year low of $7.95 and a 1 year high of $21.08. The firm has a market capitalization of $15.18 billion, a PE ratio of 81.38, a price-to-earnings-growth ratio of 1.05 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $687.23 million. As a group, sell-side analysts expect that Blue Owl Capital will post 0.88 EPS for the current year.

Blue Owl Capital Increases Dividend

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

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arax Advisory Partners purchased a new position in Blue Owl Capital in the fourth quarter valued at about $25,000. Roxbury Financial LLC grew its stake in Blue Owl Capital by 383.6% in the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after purchasing an additional 1,400 shares during the last quarter. Toronto Dominion Bank purchased a new position in Blue Owl Capital in the fourth quarter valued at about $26,000. Parkside Financial Bank & Trust grew its stake 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 valued at $27,000 after purchasing an additional 867 shares during the last quarter. Finally, Lavaca Capital LLC purchased a new position in Blue Owl Capital in the fourth quarter valued at about $28,000. Hedge funds and other institutional investors 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.