Blue Owl Capital Inc. (NYSE:OWL) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 7,450,000 shares, a growth of 161.4% from the September 15th total of 2,850,000 shares. Based on an average daily trading volume, of 1,950,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 2.3% of the company’s stock are sold short.
Several equities analysts have recently issued reports on OWL shares. Lake Street Capital started coverage on Blue Owl Capital in a research report on Wednesday, October 6th. They issued a “buy” rating and a $12.50 price target for the company. Keefe, Bruyette & Woods started coverage on Blue Owl Capital in a research report on Monday, August 30th. They issued an “outperform” rating and a $16.50 price target for the company.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Arkadios Wealth Advisors bought a new stake in Blue Owl Capital in the 2nd quarter worth about $65,000. Emerald Mutual Fund Advisers Trust bought a new stake in Blue Owl Capital in the 2nd quarter worth about $4,231,000. Brown University bought a new stake in Blue Owl Capital in the 2nd quarter worth about $455,784,000. TBH Global Asset Management LLC bought a new stake in Blue Owl Capital in the 2nd quarter worth about $984,000. Finally, PNC Financial Services Group Inc. bought a new stake in Blue Owl Capital in the 2nd quarter worth about $202,000.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 8th. Stockholders of record on Tuesday, August 24th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Monday, August 23rd.
Blue Owl Capital Company Profile
Blue Owl Capital Inc operates as an asset manager. The company provides investors access to direct lending and GP capital solutions strategies through various vehicles. Its breadth of offerings and permanent capital base enables it to offer a holistic platform of capital solutions to participants throughout the private market ecosystem, including alternative asset managers and private middle market corporations.
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