Blue Owl Capital Inc. (NYSE:OWL) Short Interest Update

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 31,990,000 shares, an increase of 21.8% from the April 30th total of 26,270,000 shares. Based on an average daily trading volume, of 9,080,000 shares, the days-to-cover ratio is presently 3.5 days. Approximately 5.6% of the shares of the company are sold short.

Blue Owl Capital Price Performance

Shares of OWL traded down $0.05 during trading hours on Thursday, hitting $18.99. The stock had a trading volume of 11,557,033 shares, compared to its average volume of 6,879,799. The firm has a 50 day simple moving average of $18.27 and a 200-day simple moving average of $21.37. The firm has a market capitalization of $29.20 billion, a P/E ratio of 111.68, a price-to-earnings-growth ratio of 1.23 and a beta of 1.18. Blue Owl Capital has a 1-year low of $14.55 and a 1-year high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. The business had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. Equities analysts predict that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a $0.225 dividend. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, May 14th. This represents a $0.90 annualized dividend and a yield of 4.74%. Blue Owl Capital's dividend payout ratio (DPR) is presently 692.31%.

Hedge Funds Weigh In On Blue Owl Capital

Several large investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its position in Blue Owl Capital by 1.6% in the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock valued at $593,000 after acquiring an additional 413 shares in the last quarter. Dynasty Wealth Management LLC lifted its position in shares of Blue Owl Capital by 0.5% during the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock worth $1,828,000 after buying an additional 417 shares in the last quarter. Allworth Financial LP lifted its position in shares of Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after buying an additional 428 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after buying an additional 450 shares in the last quarter. Finally, Vise Technologies Inc. raised its holdings in shares of Blue Owl Capital by 4.6% in the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company's stock worth $255,000 after purchasing an additional 478 shares during the period. Institutional investors own 35.85% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citigroup reduced 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. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Oppenheimer set a $24.00 price target on Blue Owl Capital and gave the company an "outperform" rating in a research note on Wednesday, April 16th. Barclays cut their price target on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.40.

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.