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

Blue Owl Capital Inc. (NYSE:OWL) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 183,636 put options on the company. This is an increase of approximately 396% compared to the average volume of 37,002 put options.

Blue Owl Capital Stock Down 1.3%

Shares of OWL traded down $0.14 during trading hours on Monday, reaching $10.43. 14,177,260 shares of the company traded hands, compared to its average volume of 25,612,061. The business has a fifty day moving average price of $10.82 and a 200-day moving average price of $9.96. Blue Owl Capital has a 12-month low of $7.95 and a 12-month high of $19.29. The stock has a market capitalization of $16.25 billion, a P/E ratio of 86.88, a P/E/G ratio of 1.16 and a beta of 1.22.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%.The company had revenue of $693.56 million during the quarter, compared to analyst estimates of $693.15 million. As a group, research analysts predict that Blue Owl Capital will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.8%. The ex-dividend date was Thursday, August 13th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

Analyst Ratings Changes

A number of research firms recently commented on OWL. BMO Capital Markets increased their target price on shares of Blue Owl Capital from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Credit Suisse Group set a $9.10 price target on shares of Blue Owl Capital in a report on Thursday, July 2nd. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a research report on Thursday, July 9th. Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital to a “hold” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.57.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently modified their holdings of OWL. Sequoia Financial Advisors LLC raised its position in Blue Owl Capital by 104.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 31,649 shares of the company’s stock worth $277,000 after buying an additional 16,135 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Blue Owl Capital by 47.1% in the 2nd quarter. Engineers Gate Manager LP now owns 443,312 shares of the company’s stock valued at $3,879,000 after acquiring an additional 141,865 shares during the last quarter. Concorde Asset Management LLC purchased a new stake in shares of Blue Owl Capital in the 2nd quarter valued at $596,000. NorthRock Partners LLC acquired a new stake in shares of Blue Owl Capital in the second quarter worth $135,000. Finally, IFP Advisors Inc increased its stake in shares of Blue Owl Capital by 81.9% in the second quarter. IFP Advisors Inc now owns 21,024 shares of the company’s stock worth $184,000 after acquiring an additional 9,466 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Company Profile

Blue Owl Capital Inc (NYSE: OWL) is a global alternative asset manager that provides private market investment solutions to institutional investors, financial professionals, family offices and high-net-worth individuals. The firm focuses on strategies designed to generate income, long-term capital appreciation and portfolio diversification outside traditional public markets.

Blue Owl’s platform includes direct lending and other private credit strategies, which provide financing to middle-market companies and other borrowers.