Blue Owl Capital Inc. (NYSE:OWL) Short Interest Update

Blue Owl Capital Inc. (NYSE:OWL) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 125,378,066 shares, an increase of 43.8% from the February 26th total of 87,186,329 shares. Based on an average trading volume of 39,770,499 shares, the days-to-cover ratio is presently 3.2 days. Currently, 11.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

OWL has been the topic of a number of analyst reports. Wolfe Research set a $20.00 price objective on Blue Owl Capital in a research note on Wednesday, January 7th. UBS Group reduced their target price on shares of Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Citigroup reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, January 27th. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Piper Sandler reduced their price objective on shares of Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.63.

Hedge Funds Weigh In On Blue Owl Capital

A number of large investors have recently modified their holdings of OWL. 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 worth $27,000 after purchasing an additional 867 shares in the last quarter. Arax Advisory Partners purchased a new stake in Blue Owl Capital during the fourth quarter worth approximately $25,000. Toronto Dominion Bank purchased a new stake in Blue Owl Capital during the fourth quarter worth approximately $26,000. Roxbury Financial LLC increased its position in shares of Blue Owl Capital by 383.6% in the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Lavaca Capital LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at $28,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

NYSE:OWL traded down $0.16 during mid-day trading on Friday, reaching $8.86. The company’s stock had a trading volume of 19,435,479 shares, compared to its average volume of 33,398,460. The stock has a market cap of $13.77 billion, a P/E ratio of 88.57, a P/E/G ratio of 0.80 and a beta of 1.15. The company’s fifty day simple moving average is $11.49 and its two-hundred day simple moving average is $14.43. Blue Owl Capital has a twelve month low of $8.55 and a twelve month high of $21.18.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. The company had revenue of $701.47 million during the quarter, compared to the consensus estimate of $712.75 million. Sell-side analysts expect that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date was Friday, February 20th. Blue Owl Capital’s dividend payout ratio is presently 900.00%.

About Blue Owl Capital

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.