Blue Owl Capital Sees Unusually High Options Volume (NYSE:OWL)

Key Points

• Unusual options activity: Traders acquired 100,522 put options on Blue Owl Capital, about 123% above the stock’s average daily put volume.
• Analyst sentiment remains cautiously positive: The consensus rating is “Moderate Buy,” with an average price target of $13.44, while 35.85% of shares are owned by institutional investors.
• Dividend highlights: Blue Owl declared a quarterly dividend of $0.23 per share, representing an annualized yield of approximately 8.0%, although its payout ratio is an unusually high 766.67%.

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Traders acquired 100,522 put options on the stock. This is an increase of approximately 123% compared to the average daily volume of 45,027 put options.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arax Advisory Partners acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at about $25,000. Toronto Dominion Bank purchased a new stake in Blue Owl Capital during the 4th quarter worth approximately $26,000. Burk Holdings LLC purchased a new stake in Blue Owl Capital during the 2nd quarter worth approximately $27,000. Lavaca Capital LLC acquired a new position in Blue Owl Capital during the 4th quarter valued at approximately $28,000. Finally, Essential Partners LLC increased its stake in Blue Owl Capital by 739.7% during the 1st quarter. Essential Partners LLC now owns 3,216 shares of the company's stock valued at $29,000 after purchasing an additional 2,833 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. UBS Group reissued a "neutral" rating and issued a $9.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 11th. Keefe, Bruyette & Woods upgraded Blue Owl Capital to a "hold" rating in a report on Monday, July 20th. JPMorgan Chase & Co. dropped their price target on Blue Owl Capital from $19.00 to $10.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings restated a "hold (c-)" rating on shares of Blue Owl Capital in a report on Thursday, June 18th. Finally, Capital One Financial set a $12.00 price objective on shares of Blue Owl Capital in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $13.44.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded down $0.27 during trading hours on Thursday, reaching $11.51. The stock had a trading volume of 2,035,552 shares, compared to its average volume of 26,202,326. The company has a market cap of $17.94 billion, a price-to-earnings ratio of 95.88, a PEG ratio of 1.29 and a beta of 1.19. The business's 50 day moving average price is $9.99 and its 200-day moving average price is $10.04. Blue Owl Capital has a 52 week low of $7.95 and a 52 week high of $19.29.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The firm had revenue of $693.56 million for the quarter, compared to the consensus estimate of $693.15 million. On average, sell-side analysts forecast that Blue Owl Capital will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.0%. The ex-dividend date is Thursday, August 13th. Blue Owl Capital's payout ratio is 766.67%.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.

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