Blue Owl Capital Inc. (NYSE:OWL) Sees Large Decrease in Short Interest

Key Points

• Short interest in Blue Owl Capital has decreased by 22.6% from mid to late August, with current short interest at 35,090,000 shares, representing 5.9% of total shares.
• The company announced a quarterly dividend of $0.225 per share, resulting in an annualized yield of 4.9% and a payout ratio of 1,000%.
• Blue Owl Capital's stock is currently rated as a "Moderate Buy" by analysts, with a consensus price target of $24.02.

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 35,090,000 shares, a drop of 22.6% from the August 15th total of 45,350,000 shares. Approximately 5.9% of the shares of the company are short sold. Based on an average daily trading volume, of 7,240,000 shares, the days-to-cover ratio is currently 4.8 days. Based on an average daily trading volume, of 7,240,000 shares, the days-to-cover ratio is currently 4.8 days. Approximately 5.9% of the shares of the company are short sold.

Analyst Ratings Changes

OWL has been the topic of several analyst reports. Barclays raised their price target on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Piper Sandler lifted their target price on shares of Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Cowen reiterated a "buy" rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Oppenheimer lifted 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 report on Monday, July 14th. Finally, Raymond James Financial started coverage on shares of Blue Owl Capital in a research report on Monday, July 28th. They set a "market perform" rating on the stock. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $24.02.

Institutional Trading of Blue Owl Capital

A number of large investors have recently bought and sold shares of the business. Vise Technologies Inc. boosted its stake in Blue Owl Capital by 4.6% during 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. Teza Capital Management LLC boosted its stake in Blue Owl Capital by 1.7% during the 4th quarter. Teza Capital Management LLC now owns 28,929 shares of the company's stock worth $673,000 after purchasing an additional 485 shares during the period. State of Wyoming boosted its stake in Blue Owl Capital by 27.1% during the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $55,000 after purchasing an additional 503 shares during the period. Insigneo Advisory Services LLC boosted its stake in Blue Owl Capital by 2.7% during the 2nd quarter. Insigneo Advisory Services LLC now owns 19,521 shares of the company's stock worth $375,000 after purchasing an additional 516 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its stake in Blue Owl Capital by 39.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock worth $42,000 after purchasing an additional 583 shares during the period. Institutional investors and hedge funds own 35.85% of the company's stock.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock traded down $0.18 during trading hours on Friday, hitting $18.91. The company had a trading volume of 10,954,211 shares, compared to its average volume of 7,583,644. The company's 50-day moving average is $19.14 and its two-hundred day moving average is $18.93. Blue Owl Capital has a twelve month low of $14.55 and a twelve month high of $26.73. The company has a market cap of $29.30 billion, a P/E ratio of 210.13, a price-to-earnings-growth ratio of 1.24 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $703.11 million during the quarter, compared to analysts' expectations of $642.13 million. Sell-side analysts expect that Blue Owl Capital will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

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

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.