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

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) was the target of unusually large options trading activity on Friday. Stock investors purchased 25,576 put options on the company. This represents an increase of approximately 638% compared to the typical volume of 3,467 put options.

Analysts Set New Price Targets

Several research analysts have weighed in on OWL shares. Wells Fargo & Company decreased their price objective on shares of Blue Owl Capital from $25.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. TD Cowen raised Blue Owl Capital from a "hold" rating to a "buy" rating and boosted their price objective for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Piper Sandler increased their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, December 23rd. UBS Group boosted their price target on Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group cut 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. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Blue Owl Capital currently has an average rating of "Moderate Buy" and a consensus target price of $25.85.

Hedge Funds Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently made changes to their positions in OWL. JPMorgan Chase & Co. boosted its position in Blue Owl Capital by 17.9% during 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 period. Westfield Capital Management Co. LP lifted its holdings in Blue Owl Capital by 4.6% in the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company's stock worth $130,415,000 after purchasing an additional 293,221 shares during the period. Barclays PLC grew its position in Blue Owl Capital by 13.7% in the 3rd quarter. Barclays PLC now owns 1,571,806 shares of the company's stock valued at $30,430,000 after buying an additional 189,082 shares in the last quarter. Capital CS Group LLC bought a new position in Blue Owl Capital in the 4th quarter valued at about $620,000. Finally, Merit Financial Group LLC acquired a new position in Blue Owl Capital during the 4th quarter valued at about $519,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock traded down $0.74 during trading on Tuesday, hitting $24.70. 8,021,196 shares of the stock were exchanged, compared to its average volume of 6,440,463. The stock has a market cap of $36.88 billion, a PE ratio of 145.27, a P/E/G ratio of 1.41 and a beta of 1.15. The stock's fifty day moving average is $24.01 and its 200 day moving average is $21.34. Blue Owl Capital has a 12 month low of $15.18 and a 12 month high of $26.73.

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.