Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. reduced its position in Blue Owl Capital Inc. (NYSE:OWL) by 46.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in OWL. Headlands Technologies LLC purchased a new position in shares of Blue Owl Capital in the 3rd quarter worth $27,000. Salem Investment Counselors Inc. increased its holdings in 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 in the last quarter. Clearstead Advisors LLC acquired a new stake in Blue Owl Capital in the 3rd quarter valued at $49,000. Loomis Sayles & Co. L P increased its holdings in 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 in the last quarter. Finally, Signaturefd LLC increased its holdings in 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 in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 2.1 %

Blue Owl Capital stock traded down $0.39 during mid-day trading on Thursday, hitting $18.26. The company’s stock had a trading volume of 5,785,357 shares, compared to its average volume of 4,380,748. The stock has a market capitalization of $26.09 billion, a P/E ratio of 183.82, a P/E/G ratio of 1.22 and a beta of 1.24. Blue Owl Capital Inc. has a twelve month low of $9.70 and a twelve month high of $19.87. The stock’s fifty day moving average price is $18.33 and its two-hundred day moving average price is $15.82.

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

Blue Owl Capital Dividend Announcement

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

Wall Street Analyst Weigh In

OWL has been the subject of several recent research reports. Piper Sandler increased their price target on Blue Owl Capital from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a research note on Thursday, April 4th. UBS Group upgraded Blue Owl Capital from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.00 to $22.00 in a research note on Tuesday, April 2nd. TD Cowen began coverage on Blue Owl Capital in a research note on Thursday, January 4th. They issued an “outperform” rating and a $17.00 price target for the company. Finally, JMP Securities reiterated a “market outperform” rating and issued a $24.00 price target on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.48.

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.