Investors Purchase High Volume of Put Options on Blue Owl Capital (NYSE:OWL)

Blue Owl Capital Inc. (NYSE:OWL) saw unusually large options trading activity on Friday. Traders bought 25,576 put options on the company. This represents an increase of 638% compared to the typical volume of 3,467 put options.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded up $0.24 during mid-day trading on Friday, reaching $26.05. 5,143,679 shares of the company were exchanged, compared to its average volume of 6,465,887. The firm has a market cap of $38.91 billion, a PE ratio of 153.24, a PEG ratio of 1.39 and a beta of 1.14. Blue Owl Capital has a 12 month low of $15.18 and a 12 month high of $26.73. The company has a fifty day simple moving average of $23.95 and a 200-day simple moving average of $21.16.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) 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 firm had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. During the same period in the prior year, the company posted $0.16 earnings per share. Sell-side analysts anticipate that Blue Owl Capital will post 0.78 earnings per share for the current year.

Wall Street Analyst Weigh In

OWL has been the topic of several analyst reports. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and increased their price target for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Oppenheimer upped their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Citigroup restated a “buy” rating and set a $30.00 target price on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Finally, Evercore ISI upped their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.85.

Institutional Inflows and Outflows

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

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.