Blue Owl Capital Target of Unusually Large Options Trading (NYSE:OWL)

Blue Owl Capital Inc. (NYSE:OWL) was the target of some unusual options trading activity on Thursday. Investors acquired 15,144 put options on the stock. This is an increase of approximately 206% compared to the average volume of 4,956 put options.

Wall Street Analysts Forecast Growth

OWL has been the topic of several analyst reports. Barclays cut their price target 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, April 7th. Evercore ISI increased their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Citigroup dropped their price objective on Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Piper Sandler decreased their target price on Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and upped their price target for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.79.

Institutional Trading of Blue Owl Capital

A number of institutional investors have recently bought and sold shares of the stock. Rothschild Investment LLC raised its holdings in shares of Blue Owl Capital by 316.1% in the fourth quarter. Rothschild Investment LLC now owns 33,955 shares of the company’s stock worth $790,000 after buying an additional 25,795 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after acquiring an additional 1,372,865 shares during the last quarter. Arizona State Retirement System lifted its position in Blue Owl Capital by 14.7% during the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company’s stock worth $3,599,000 after acquiring an additional 19,810 shares during the period. Princeton Global Asset Management LLC purchased a new stake in Blue Owl Capital during the 4th quarter valued at about $1,773,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Blue Owl Capital by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company’s stock valued at $80,179,000 after purchasing an additional 106,485 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Up 4.5 %

NYSE:OWL opened at $18.46 on Friday. The stock has a market capitalization of $28.39 billion, a price-to-earnings ratio of 108.59, a PEG ratio of 1.23 and a beta of 1.20. Blue Owl Capital has a 52 week low of $14.55 and a 52 week high of $26.73. The firm has a 50 day moving average of $19.45 and a 200 day moving average of $22.11.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, analysts expect 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. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.90%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 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.