Levin Capital Strategies L.P. Reduces Stake in Blue Owl Capital Inc. (NYSE:OWL)

Levin Capital Strategies L.P. lowered its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 46.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 40,000 shares of the company’s stock after selling 35,000 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Blue Owl Capital were worth $596,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OWL. Headlands Technologies LLC purchased a new position in shares of Blue Owl Capital in the 3rd quarter valued at approximately $27,000. Salem Investment Counselors Inc. lifted its stake in shares of Blue Owl Capital by 58.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after purchasing an additional 1,159 shares during the period. Clearstead Advisors LLC purchased a new position in shares of Blue Owl Capital in the 3rd quarter valued at approximately $49,000. Loomis Sayles & Co. L P lifted its stake in shares of Blue Owl Capital by 1,570.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 4,877 shares of the company’s stock valued at $63,000 after purchasing an additional 4,585 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Blue Owl Capital by 25.9% in the 3rd quarter. Signaturefd LLC now owns 5,893 shares of the company’s stock valued at $76,000 after purchasing an additional 1,214 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 2.1 %

Shares of NYSE OWL traded down $0.39 during trading hours on Thursday, hitting $18.26. 5,785,357 shares of the company traded hands, compared to its average volume of 4,380,748. The stock has a market capitalization of $26.09 billion, a price-to-earnings ratio of 183.82, a price-to-earnings-growth ratio of 1.22 and a beta of 1.24. The company’s 50 day moving average price is $18.33 and its 200 day moving average price is $15.82. Blue Owl Capital Inc. has a 12 month low of $9.70 and a 12 month high of $19.87.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $494.04 million for the quarter, compared to the consensus estimate of $438.77 million. Blue Owl Capital had a return on equity of 17.31% and a net margin of 3.14%. During the same quarter in the prior year, the company earned $0.15 EPS. Equities analysts anticipate that Blue Owl Capital Inc. will post 0.84 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 23rd were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, February 22nd. Blue Owl Capital’s dividend payout ratio (DPR) is presently 560.06%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OWL. JMP Securities reiterated a “market outperform” rating and set a $24.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Piper Sandler lifted their price objective on Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.00 price objective on shares of Blue Owl Capital in a report on Thursday, April 4th. TD Cowen assumed coverage on Blue Owl Capital in a report on Thursday, January 4th. They issued an “outperform” rating and a $17.00 price objective for the company. Finally, Evercore ISI lifted their price objective on Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.48.

Blue Owl Capital Profile

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.