Blue Owl Capital Sees Unusually High Options Volume (NYSE:OWL)

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of Blue Owl Capital by 2,911.9% in the 1st quarter. GAMMA Investing LLC now owns 20,240 shares of the company’s stock worth $406,000 after acquiring an additional 19,568 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Blue Owl Capital by 380.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company’s stock worth $27,000 after purchasing an additional 1,050 shares during the last quarter. California State Teachers Retirement System lifted its stake in Blue Owl Capital by 11.6% in the fourth quarter. California State Teachers Retirement System now owns 497,636 shares of the company’s stock worth $11,575,000 after purchasing an additional 51,782 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at about $235,000. Finally, Vise Technologies Inc. grew its stake in shares of Blue Owl Capital by 4.6% during the fourth quarter. Vise Technologies Inc. now owns 10,947 shares of the company’s stock valued at $255,000 after buying an additional 478 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of OWL stock opened at $16.32 on Tuesday. The stock has a market capitalization of $25.10 billion, a price-to-earnings ratio of 96.03, a PEG ratio of 1.23 and a beta of 1.20. The company’s fifty day simple moving average is $21.64 and its two-hundred day simple moving average is $22.41. Blue Owl Capital has a 1 year low of $14.55 and a 1 year high of $26.73.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Equities research analysts anticipate that Blue Owl Capital will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 4.41%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday. Oppenheimer lifted their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group downgraded shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Cfra Research upgraded Blue Owl Capital to a “moderate buy” rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company decreased their price target on Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.63.

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.