Blue Owl Capital Inc. (NYSE:OWL) Short Interest Up 29.4% in August

Key Points

• Blue Owl Capital Inc. (NYSE:OWL) experienced a significant increase in short interest of 29.4% in August, bringing the total to 45.35 million shares, which is 7.6% of the company's shares sold short.
• Institutional investors have increased their holdings in Blue Owl Capital, with Mercer Global Advisors raising its stake by 127.8% in the fourth quarter, while overall institutional ownership accounts for 35.85% of the company's stock.
• The company reported a quarterly earnings per share (EPS) of $0.21, matching expectations, with a revenue of $703.11 million, exceeding the forecast of $642.13 million.

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 45,350,000 shares, an increase of 29.4% from the July 31st total of 35,040,000 shares. Currently, 7.6% of the company's shares are sold short. Based on an average daily trading volume, of 7,050,000 shares, the short-interest ratio is presently 6.4 days. Based on an average daily trading volume, of 7,050,000 shares, the short-interest ratio is presently 6.4 days. Currently, 7.6% of the company's shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in OWL. Mercer Global Advisors Inc. ADV lifted its stake in Blue Owl Capital by 127.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 26,459 shares of the company's stock valued at $615,000 after acquiring an additional 14,846 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Blue Owl Capital in the fourth quarter valued at $1,085,000. Cetera Investment Advisers lifted its stake in Blue Owl Capital by 6.8% in the fourth quarter. Cetera Investment Advisers now owns 44,260 shares of the company's stock valued at $1,029,000 after acquiring an additional 2,811 shares during the last quarter. Ethic Inc. acquired a new stake in Blue Owl Capital in the fourth quarter valued at $987,000. Finally, Ensign Peak Advisors Inc lifted its stake in Blue Owl Capital by 81.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 222,987 shares of the company's stock valued at $5,187,000 after acquiring an additional 100,258 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Blue Owl Capital Trading Down 1.3%

Shares of OWL stock traded down $0.23 during trading hours on Tuesday, hitting $17.79. 6,968,814 shares of the company were exchanged, compared to its average volume of 7,766,317. The business has a 50 day moving average of $19.27 and a two-hundred day moving average of $19.07. Blue Owl Capital has a 52 week low of $14.55 and a 52 week high of $26.73. The company has a market capitalization of $27.57 billion, a PE ratio of 197.69, a PEG ratio of 1.17 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. The company had revenue of $703.11 million during the quarter, compared to the consensus estimate of $642.13 million. On average, research analysts forecast that Blue Owl Capital will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.90 annualized dividend and a dividend yield of 5.1%. Blue Owl Capital's dividend payout ratio is currently 1,000.00%.

Analyst Ratings Changes

A number of research firms recently weighed in on OWL. Evercore ISI boosted their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Wells Fargo & Company upped their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Raymond James Financial began coverage on shares of Blue Owl Capital in a research note on Monday, July 28th. They issued a "market perform" rating for the company. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and upped their target price for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. Finally, Oppenheimer upped their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $24.02.

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.

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