Short Interest in Blue Owl Capital Inc. (NYSE:OWL) Expands By 29.4%

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) saw a large increase in short interest in 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. Based on an average daily trading volume, of 7,050,000 shares, the short-interest ratio is currently 6.4 days. Approximately 7.6% of the company's stock are sold short. Approximately 7.6% of the company's stock are sold short. Based on an average daily trading volume, of 7,050,000 shares, the short-interest ratio is currently 6.4 days.

Wall Street Analysts Forecast Growth

OWL has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Cowen reissued a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. Evercore ISI upped their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Raymond James Financial began coverage on Blue Owl Capital in a research note on Monday, July 28th. They set a "market perform" rating on the stock. Finally, Barclays increased their price objective on Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Trading Up 0.0%

OWL traded up $0.01 during midday trading on Friday, hitting $18.76. 4,643,687 shares of the company were exchanged, compared to its average volume of 7,188,874. Blue Owl Capital has a 1-year low of $14.55 and a 1-year high of $26.73. The firm has a market capitalization of $29.07 billion, a price-to-earnings ratio of 208.46, a price-to-earnings-growth ratio of 1.23 and a beta of 1.16. The company's 50 day simple moving average is $19.20 and its 200 day simple moving average is $19.00.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted 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 return on equity of 19.64% and a net margin of 2.88%.The company had revenue of $703.11 million for the quarter, compared to analysts' expectations of $642.13 million. On average, equities analysts anticipate that Blue Owl Capital will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Thursday, August 14th. Blue Owl Capital's dividend payout ratio (DPR) is 1,000.00%.

Institutional Trading of Blue Owl Capital

Several institutional investors have recently made changes to their positions in OWL. HMI Capital Management L.P. raised its position in Blue Owl Capital by 276.8% in the second quarter. HMI Capital Management L.P. now owns 5,704,480 shares of the company's stock valued at $109,583,000 after purchasing an additional 4,190,380 shares during the period. Osaic Holdings Inc. grew its stake in shares of Blue Owl Capital by 7.2% during the second quarter. Osaic Holdings Inc. now owns 85,863 shares of the company's stock worth $1,651,000 after purchasing an additional 5,800 shares in the last quarter. Munro Partners acquired a new position in shares of Blue Owl Capital during the second quarter worth $2,303,000. Thrivent Financial for Lutherans lifted its position in Blue Owl Capital by 1.8% in the second quarter. Thrivent Financial for Lutherans now owns 266,323 shares of the company's stock valued at $5,116,000 after acquiring an additional 4,647 shares during the last quarter. Finally, State of Wyoming lifted its position in Blue Owl Capital by 108.7% in the second quarter. State of Wyoming now owns 5,675 shares of the company's stock valued at $109,000 after acquiring an additional 2,956 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Company Profile

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.