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

Blue Owl Capital Inc. (NYSE:OWL) saw unusually large options trading activity on Monday. Traders bought 50,814 put options on the company. This represents an increase of 32% compared to the typical volume of 38,456 put options.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $9.82 on Tuesday. Blue Owl Capital has a 52-week low of $9.54 and a 52-week high of $21.88. The stock has a market cap of $15.26 billion, a price-to-earnings ratio of 98.16, a PEG ratio of 0.82 and a beta of 1.15. The firm’s 50-day moving average is $13.32 and its 200-day moving average is $15.35.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $701.47 million during the quarter, compared to analysts’ expectations of $712.75 million. Blue Owl Capital had a return on equity of 20.93% and a net margin of 2.75%. Sell-side analysts predict that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 9.2%. Blue Owl Capital’s payout ratio is presently 900.00%.

Institutional Investors Weigh In On Blue Owl Capital

Large investors have recently added to or reduced their stakes in the business. Cresset Asset Management LLC grew its position in shares of Blue Owl Capital by 1,345.0% in the third quarter. Cresset Asset Management LLC now owns 1,379,485 shares of the company’s stock valued at $23,355,000 after purchasing an additional 1,284,021 shares during the last quarter. Partners Group Holding AG lifted its holdings in Blue Owl Capital by 8.3% during the 3rd quarter. Partners Group Holding AG now owns 1,940,155 shares of the company’s stock worth $32,847,000 after purchasing an additional 149,292 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in Blue Owl Capital by 185.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 136,956 shares of the company’s stock valued at $2,319,000 after purchasing an additional 88,935 shares during the period. Truist Financial Corp boosted its stake in Blue Owl Capital by 7.8% in the 3rd quarter. Truist Financial Corp now owns 1,062,214 shares of the company’s stock valued at $17,983,000 after purchasing an additional 76,942 shares during the period. Finally, Commons Capital LLC acquired a new position in Blue Owl Capital in the 3rd quarter valued at $2,071,000. Institutional investors own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on OWL shares. 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 report 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. Piper Sandler lowered their price target on Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Zacks Research cut Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Finally, Wolfe Research set a $20.00 price objective on Blue Owl Capital in a report on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

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.