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

Levin Capital Strategies L.P. decreased its stake in Blue Owl Capital Inc. (NYSE:OWL) by 62.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,390 shares of the company’s stock after selling 17,456 shares during the period. Levin Capital Strategies L.P.’s holdings in Blue Owl Capital were worth $184,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. purchased a new position in Blue Owl Capital in the 4th quarter worth approximately $26,000. Transcendent Capital Group LLC acquired a new position in Blue Owl Capital in the 1st quarter worth $26,000. ORG Partners LLC purchased a new position in Blue Owl Capital in the 2nd quarter valued at about $32,000. Family Firm Inc. acquired a new stake in shares of Blue Owl Capital during the second quarter valued at about $40,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Blue Owl Capital during the second quarter worth about $45,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on OWL shares. TD Cowen reissued a “hold” rating and issued a $19.00 price target (down previously from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. UBS Group dropped their price target on shares of Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Piper Sandler reduced their price objective on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $18.50 target price on shares of Blue Owl Capital in a research report on Thursday, June 13th. Finally, Oppenheimer raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $20.23.

Blue Owl Capital Stock Up 3.0 %

Shares of OWL stock opened at $16.59 on Tuesday. The company has a market cap of $24.28 billion, a P/E ratio of 138.25, a PEG ratio of 1.02 and a beta of 1.17. The business has a 50 day moving average of $17.71 and a two-hundred day moving average of $18.05. Blue Owl Capital Inc. has a 52 week low of $12.00 and a 52 week high of $20.13.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. The firm had revenue of $549.85 million during the quarter, compared to the consensus estimate of $507.22 million. During the same period in the prior year, the business earned $0.16 EPS. Analysts expect that Blue Owl Capital Inc. will post 0.79 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.34%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 600.00%.

Blue Owl Capital Company 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.