Levin Capital Strategies L.P. Grows Holdings in Blue Owl Capital Inc. $OWL

Levin Capital Strategies L.P. grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 42.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,500 shares of the company’s stock after purchasing an additional 55,596 shares during the period. Levin Capital Strategies L.P.’s holdings in Blue Owl Capital were worth $1,694,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Arax Advisory Partners purchased a new position in shares of Blue Owl Capital during the fourth quarter valued at approximately $25,000. Toronto Dominion Bank purchased a new stake in Blue Owl Capital in the 4th quarter worth approximately $26,000. Lavaca Capital LLC purchased a new stake in Blue Owl Capital in the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC raised its holdings in Blue Owl Capital by 83.5% in the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 910 shares during the last quarter. Finally, Center for Financial Planning Inc. raised its holdings in Blue Owl Capital by 2,100.0% in the 1st quarter. Center for Financial Planning Inc. now owns 4,400 shares of the company’s stock valued at $40,000 after acquiring an additional 4,200 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. TD Cowen reissued a “buy” rating and set a $14.00 price target on shares of Blue Owl Capital in a research note on Monday, May 18th. Barclays dropped their target price on Blue Owl Capital from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday, July 9th. Piper Sandler reduced their target price on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. JPMorgan Chase & Co. decreased their price target on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Finally, Capital One Financial set a $11.00 price target on Blue Owl Capital in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.16.

Blue Owl Capital Stock Down 2.4%

NYSE:OWL opened at $9.16 on Thursday. The company has a market cap of $14.25 billion, a P/E ratio of 76.38, a P/E/G ratio of 1.01 and a beta of 1.22. The firm’s 50 day moving average is $9.50 and its two-hundred day moving average is $10.64. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $20.68.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $699.88 million during the quarter, compared to the consensus estimate of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. Research analysts forecast that Blue Owl Capital Inc. will post 0.87 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 10.0%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

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.