Blue Owl Capital (NYSE:OWL) Sees Unusually-High Trading Volume – Here’s Why

Blue Owl Capital Inc. (NYSE:OWL) saw unusually-strong trading volume on Thursday . Approximately 6,947,021 shares changed hands during mid-day trading, an increase of 18% from the previous session’s volume of 5,872,211 shares.The stock last traded at $23.76 and had previously closed at $22.91.

Analyst Ratings Changes

Several research analysts have commented on the company. TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and raised their price objective for the company from $26.00 to $28.00 in a research report on Thursday. Wells Fargo & Company cut their price objective on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday. JMP Securities reissued a “market outperform” rating and issued a $27.00 price objective on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Evercore ISI lifted their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.10.

Blue Owl Capital Stock Up 3.7 %

The firm has a market capitalization of $36.26 billion, a price-to-earnings ratio of 142.81, a P/E/G ratio of 1.29 and a beta of 1.14. The stock has a 50 day moving average of $23.52 and a 200 day moving average of $20.66.

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

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a yield of 2.97%. Blue Owl Capital’s payout ratio is currently 423.55%.

Hedge Funds Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Teamwork Financial Advisors LLC bought a new stake in Blue Owl Capital during the fourth quarter worth approximately $401,000. Mutual Advisors LLC raised its holdings in Blue Owl Capital by 10.1% during the fourth quarter. Mutual Advisors LLC now owns 31,963 shares of the company’s stock worth $748,000 after purchasing an additional 2,935 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Blue Owl Capital by 8.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 75,319 shares of the company’s stock valued at $1,752,000 after buying an additional 5,985 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Blue Owl Capital by 118.7% in the fourth quarter. SG Americas Securities LLC now owns 21,777 shares of the company’s stock valued at $507,000 after buying an additional 11,818 shares in the last quarter. Finally, Dakota Wealth Management bought a new position in shares of Blue Owl Capital in the fourth quarter valued at $215,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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.