Blue Owl Capital Sees Unusually High Options Volume (NYSE:OWL)

Blue Owl Capital Inc. (NYSE:OWL) saw unusually large options trading on Wednesday. Stock investors purchased 60,416 call options on the company. This represents an increase of approximately 135% compared to the typical volume of 25,720 call options.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group decreased their target price on Blue Owl Capital from $18.00 to $16.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $16.25 target price on shares of Blue Owl Capital in a research note on Tuesday, January 6th. Zacks Research downgraded shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. TD Cowen reissued a “buy” rating on shares of Blue Owl Capital in a report on Wednesday, January 14th. Finally, Citigroup restated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.78.

Insider Transactions at Blue Owl Capital

In other news, CEO Douglas I. Ostrover bought 139,327 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were bought at an average price of $15.06 per share, for a total transaction of $2,098,264.62. Following the completion of the purchase, the chief executive officer owned 158,000 shares in the company, valued at approximately $2,379,480. This trade represents a 746.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marc S. Lipschultz purchased 69,663 shares of Blue Owl Capital 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 purchase, the chief executive officer directly 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 disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 395,670 shares of company stock worth $5,952,393 over the last three months. Company insiders own 27.44% of the company’s stock.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust increased its position in Blue Owl Capital by 117.0% during the 3rd 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. Roxbury Financial LLC lifted its position in shares of Blue Owl Capital by 383.6% in the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after purchasing an additional 1,400 shares during the period. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Blue Owl Capital by 83.5% in the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 910 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Blue Owl Capital during the second quarter worth $51,000. Finally, MorganRosel Wealth Management LLC bought a new position in Blue Owl Capital during the second quarter worth $51,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

NYSE OWL traded down $0.26 on Wednesday, reaching $11.86. The company had a trading volume of 26,892,018 shares, compared to its average volume of 15,845,615. The firm has a market cap of $18.49 billion, a price-to-earnings ratio of 197.28, a P/E/G ratio of 1.14 and a beta of 1.11. Blue Owl Capital has a fifty-two week low of $11.65 and a fifty-two week high of $25.89. The business has a 50 day moving average of $15.32 and a two-hundred day moving average of $16.72.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.