Stock Traders Purchase High Volume of Blue Owl Capital Call Options (NYSE:OWL)

Blue Owl Capital Inc. (NYSE:OWL) was the target of unusually large options trading activity on Monday. Investors purchased 12,289 call options on the company. This represents an increase of approximately 694% compared to the average daily volume of 1,547 call options.

Institutional Investors Weigh In On Blue Owl Capital

Several large investors have recently bought and sold shares of the company. Encompass More Asset Management bought a new stake in Blue Owl Capital in the second quarter valued at approximately $219,000. Railway Pension Investments Ltd acquired a new position in shares of Blue Owl Capital in the second quarter valued at approximately $10,164,000. Verdence Capital Advisors LLC boosted its holdings in shares of Blue Owl Capital by 540.9% in the second quarter. Verdence Capital Advisors LLC now owns 98,330 shares of the company’s stock valued at $1,745,000 after buying an additional 82,988 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Blue Owl Capital by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 2,406,242 shares of the company’s stock valued at $42,711,000 after buying an additional 105,774 shares during the period. Finally, Townsend Asset Management Corp NC ADV boosted its holdings in shares of Blue Owl Capital by 1.1% in the second quarter. Townsend Asset Management Corp NC ADV now owns 171,603 shares of the company’s stock valued at $3,046,000 after buying an additional 1,846 shares during the period. Institutional investors own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on OWL shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $21.00 target price on shares of Blue Owl Capital in a research report on Monday, June 10th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $19.00 target price on shares of Blue Owl Capital in a research report on Thursday, April 4th. Piper Sandler decreased their price objective on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. TD Cowen reissued a “hold” rating and set a $19.00 price objective (down previously from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Finally, JMP Securities reissued a “market outperform” rating and set a $24.00 price objective on shares of Blue Owl Capital in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.81.

Blue Owl Capital Price Performance

Shares of NYSE OWL traded down $0.30 during mid-day trading on Monday, hitting $19.44. The company’s stock had a trading volume of 1,157,028 shares, compared to its average volume of 5,117,467. The stock has a market cap of $27.78 billion, a price-to-earnings ratio of 164.50, a price-to-earnings-growth ratio of 1.24 and a beta of 1.18. Blue Owl Capital has a one year low of $10.64 and a one year high of $20.13. The company’s fifty day simple moving average is $18.12 and its 200-day simple moving average is $17.81.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $486.55 million for the quarter, compared to analyst estimates of $478.47 million. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.15%. On average, sell-side analysts predict that Blue Owl Capital will post 0.81 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Monday, May 20th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14. Blue Owl Capital’s dividend payout ratio is presently 600.00%.

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.