Traders Purchase Large Volume of Blue Owl Capital Put Options (NYSE:OWL)

Blue Owl Capital Inc. (NYSE:OWL) saw some unusual options trading on Friday. Investors bought 25,576 put options on the stock. This represents an increase of approximately 638% compared to the typical daily volume of 3,467 put options.

Analyst Ratings Changes

A number of research analysts recently weighed in on OWL shares. Evercore ISI upped their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. JMP Securities reiterated a “market outperform” rating and issued a $27.00 target price on shares of Blue Owl Capital in a report on Wednesday, December 4th. Keefe, Bruyette & Woods boosted their price target on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Finally, Oppenheimer boosted their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Blue Owl Capital by 29.9% in the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after purchasing an additional 8,138,475 shares during the period. JPMorgan Chase & Co. increased its position in Blue Owl Capital by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after buying an additional 1,372,865 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Blue Owl Capital by 14.2% in the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after buying an additional 1,016,505 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at $23,513,000. Finally, HighTower Advisors LLC grew its stake in shares of Blue Owl Capital by 29.1% during the 3rd quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company’s stock worth $69,690,000 after acquiring an additional 811,334 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Up 0.9 %

OWL stock traded up $0.24 during midday trading on Friday, hitting $26.05. The company’s stock had a trading volume of 5,143,679 shares, compared to its average volume of 6,465,887. The stock has a market cap of $38.91 billion, a price-to-earnings ratio of 153.24, a PEG ratio of 1.39 and a beta of 1.14. The stock’s 50-day moving average price is $23.95 and its 200 day moving average price is $21.16. Blue Owl Capital has a 1 year low of $15.18 and a 1 year high of $26.73.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The company had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. During the same period in the previous year, the firm earned $0.16 EPS. As a group, equities analysts forecast that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

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.