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

Key Points

• Unusual bearish options activity: Traders bought 183,636 put options on Blue Owl Capital, roughly 396% above its typical daily put volume.
• Shares declined modestly: OWL fell 1.3% to $10.43, while institutional investors owned 35.85% of the company and several firms increased their positions.
• Analyst outlook remains positive: The stock carries a “Moderate Buy” consensus rating with an average price target of $13.57, despite its high 8.8% dividend yield and elevated payout ratio.

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) saw some unusual options trading on Monday. Traders acquired 183,636 put options on the company. This is an increase of approximately 396% compared to the typical daily volume of 37,002 put options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its position in Blue Owl Capital by 104.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 31,649 shares of the company's stock valued at $277,000 after acquiring an additional 16,135 shares in the last quarter. Engineers Gate Manager LP lifted its stake in shares of Blue Owl Capital by 47.1% during the 2nd quarter. Engineers Gate Manager LP now owns 443,312 shares of the company's stock worth $3,879,000 after purchasing an additional 141,865 shares during the last quarter. Concorde Asset Management LLC bought a new stake in Blue Owl Capital during the second quarter valued at about $596,000. NorthRock Partners LLC bought a new stake in Blue Owl Capital during the second quarter valued at about $135,000. Finally, IFP Advisors Inc grew its stake in Blue Owl Capital by 81.9% in the second quarter. IFP Advisors Inc now owns 21,024 shares of the company's stock valued at $184,000 after purchasing an additional 9,466 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Trading Down 1.3%

Shares of NYSE:OWL traded down $0.14 during trading on Monday, reaching $10.43. The company's stock had a trading volume of 14,177,260 shares, compared to its average volume of 25,612,061. The stock has a market capitalization of $16.25 billion, a PE ratio of 86.88, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22. Blue Owl Capital has a 12 month low of $7.95 and a 12 month high of $19.29. The firm's 50 day simple moving average is $10.82 and its two-hundred day simple moving average is $9.96.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $693.56 million for the quarter, compared to the consensus estimate of $693.15 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. Research analysts anticipate that Blue Owl Capital will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a yield of 8.8%. Blue Owl Capital's payout ratio is 766.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on OWL shares. Citigroup reissued a "market outperform" rating on shares of Blue Owl Capital in a research report on Thursday, July 9th. Oppenheimer lifted their price objective on shares of Blue Owl Capital from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Thursday, August 27th. Zacks Research raised shares of Blue Owl Capital from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 27th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital to a "hold" rating in a report on Monday, July 20th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Blue Owl Capital in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.57.

About Blue Owl Capital

Blue Owl Capital Inc NYSE: OWL is a global alternative asset manager that provides private market investment solutions to institutional investors, financial professionals, family offices and high-net-worth individuals. The firm focuses on strategies designed to generate income, long-term capital appreciation and portfolio diversification outside traditional public markets.

Blue Owl's platform includes direct lending and other private credit strategies, which provide financing to middle-market companies and other borrowers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.