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

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) was the target of some unusual options trading activity on Monday. Stock traders bought 15,919 put options on the stock. This is an increase of 254% compared to the average volume of 4,492 put options.

Blue Owl Capital Trading Down 1.4 %

Shares of NYSE:OWL traded down $0.24 during trading on Friday, reaching $16.96. The company had a trading volume of 15,575,195 shares, compared to its average volume of 6,447,007. The company has a fifty day moving average of $20.62 and a two-hundred day moving average of $22.28. The stock has a market capitalization of $26.07 billion, a P/E ratio of 99.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. Blue Owl Capital has a 12 month low of $14.55 and a 12 month high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting 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, equities research analysts predict that Blue Owl Capital will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a yield of 4.25%. Blue Owl Capital's payout ratio is 423.53%.

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Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Barclays lowered 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 research report on Monday, April 7th. Piper Sandler dropped their target price on Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a research report on Tuesday. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. TD Cowen raised Blue Owl Capital from a "hold" rating to a "buy" rating and increased their price objective for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods lifted their target price on Blue Owl Capital from $22.00 to $26.00 and gave the company a "market perform" rating in a report on Friday, December 20th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Princeton Global Asset Management LLC boosted its stake in shares of Blue Owl Capital by 8.3% in the 1st quarter. Princeton Global Asset Management LLC now owns 82,553 shares of the company's stock valued at $1,654,000 after purchasing an additional 6,328 shares in the last quarter. Barton Investment Management boosted its position in Blue Owl Capital by 4.2% during the first quarter. Barton Investment Management now owns 1,906,794 shares of the company's stock valued at $38,212,000 after buying an additional 76,575 shares during the period. Hudson Valley Investment Advisors Inc. ADV grew its stake in shares of Blue Owl Capital by 7.2% during the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 177,260 shares of the company's stock valued at $3,552,000 after buying an additional 11,877 shares during the last quarter. Kaizen Financial Strategies purchased a new position in shares of Blue Owl Capital in the first quarter worth about $249,000. Finally, Rhumbline Advisers lifted its stake in shares of Blue Owl Capital by 0.9% in the 1st quarter. Rhumbline Advisers now owns 604,635 shares of the company's stock valued at $12,117,000 after acquiring an additional 5,298 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

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.