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

Blue Owl Capital Inc. (NYSE:OWL) was the target of some unusual options trading on Monday. Traders purchased 33,790 put options on the company. This represents an increase of 73% compared to the average daily volume of 19,508 put options.

Insider Buying and Selling

In related news, CEO Marc S. Lipschultz purchased 69,663 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average price of $15.06 per share, with a total value of $1,049,124.78. Following the completion of the acquisition, the chief executive officer owned 79,000 shares in the company, valued at $1,189,740. This trade represents a 746.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Craig Packer acquired 110,227 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average price of $15.06 per share, for a total transaction of $1,660,018.62. Following the transaction, the insider owned 94,000 shares of the company’s stock, valued at $1,415,640. This represents a -679.28% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 395,670 shares of company stock valued at $5,952,393 over the last ninety days. 27.44% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its stake in shares of Blue Owl Capital by 117.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock valued at $27,000 after purchasing an additional 867 shares during the period. Banque Transatlantique SA acquired a new stake in Blue Owl Capital during the 1st quarter worth approximately $31,000. SVB Wealth LLC acquired a new stake in Blue Owl Capital during the 1st quarter worth approximately $38,000. Northwestern Mutual Wealth Management Co. boosted its position in Blue Owl Capital by 58.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock valued at $50,000 after buying an additional 916 shares during the period. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Blue Owl Capital in the first quarter worth $50,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of NYSE:OWL traded down $0.14 during mid-day trading on Monday, reaching $16.11. 2,299,332 shares of the company were exchanged, compared to its average volume of 9,307,738. Blue Owl Capital has a 1 year low of $13.25 and a 1 year high of $26.73. The firm’s 50-day simple moving average is $15.68 and its 200 day simple moving average is $17.84. The firm has a market cap of $25.12 billion, a price-to-earnings ratio of 268.46, a P/E/G ratio of 1.22 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%.The company had revenue of $687.00 million for the quarter, compared to analysts’ expectations of $685.95 million. On average, research analysts forecast that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 10th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Monday, November 10th. Blue Owl Capital’s dividend payout ratio (DPR) is 1,500.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on OWL shares. Piper Sandler lowered their price target on shares of Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. The Goldman Sachs Group dropped their price target on shares of Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Oppenheimer set a $25.00 price target on shares of Blue Owl Capital and gave the company an “outperform” rating in a research report on Friday, October 31st. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, October 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average target price of $22.00.

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.