Blue Owl Capital Target of Unusually Large Options Trading (NYSE:OWL)

Key Points

• Traders have shown significant interest in Blue Owl Capital, purchasing 20,134 call options, a 282% increase compared to its average daily volume.
• The company's stock price increased by $0.12 to reach $19.47, with a market capitalization of approximately $29.93 billion.
• Blue Owl Capital announced a quarterly dividend of $0.225 per share, yielding about 4.6%, with an annualized payout indicating a dividend payout ratio of 1,000%.

Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) was the target of some unusual options trading on Wednesday. Stock investors purchased 20,134 call options on the stock. Thisrepresentsanincreaseof282% compared to the average volume of 5,274 call options.

Blue Owl Capital Stock Up 4.1%

Shares of OWL traded up $0.78 during trading hours on Friday, hitting $19.72. 2,611,212 shares of the company were exchanged, compared to its average volume of 7,762,421. The company has a market cap of $30.33 billion, a price-to-earnings ratio of 219.41, a P/E/G ratio of 1.28 and a beta of 1.16. Blue Owl Capital has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The firm's fifty day moving average is $19.32 and its 200 day moving average is $20.02.

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 for the quarter, meeting analysts' consensus estimates of $0.21. The firm had revenue of $703.11 million for the quarter, compared to analyst estimates of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. 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 will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.90 annualized dividend and a yield of 4.6%. Blue Owl Capital's dividend payout ratio (DPR) is currently 1,000.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OWL. MassMutual Private Wealth & Trust FSB increased its position in shares of Blue Owl Capital by 380.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock valued at $27,000 after acquiring an additional 1,050 shares during the last quarter. Banque Transatlantique SA purchased a new position in Blue Owl Capital in the first quarter worth $31,000. SVB Wealth LLC bought a new position in Blue Owl Capital in the 1st quarter valued at $38,000. Cullen Frost Bankers Inc. raised its stake in shares of 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. Finally, State of Wyoming boosted its holdings in shares of Blue Owl Capital by 27.1% in the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $55,000 after buying an additional 503 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

OWL has been the topic of a number of research analyst reports. Cowen reiterated a "buy" rating on shares of Blue Owl Capital in a research note on Monday. Raymond James Financial started coverage on Blue Owl Capital in a report on Monday, July 28th. They issued a "market perform" rating for the company. Wells Fargo & Company boosted their price target on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Piper Sandler upped their price target on Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Finally, Evercore ISI raised their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average 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.