29,713 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by Levin Capital Strategies L.P.

Key Points

• Levin Capital Strategies invested approximately $595,000 in Blue Owl Capital Inc., acquiring 29,713 shares during the 1st quarter of the year.
• Blue Owl Capital recently reported a quarterly earnings per share (EPS) of $0.21, matching analyst expectations, along with a revenue of $703.11 million, surpassing estimates.
• The company declared a quarterly dividend of $0.225, representing a 4.7% yield, to be paid on August 28th to stockholders of record on August 14th.

Levin Capital Strategies L.P. acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,713 shares of the company's stock, valued at approximately $595,000.

A number of other institutional investors also recently modified their holdings of OWL. Capital World Investors increased its holdings in Blue Owl Capital by 14.5% during the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company's stock valued at $1,794,943,000 after purchasing an additional 9,794,102 shares in the last quarter. FMR LLC increased its stake in shares of Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company's stock valued at $1,052,309,000 after buying an additional 9,917,071 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Blue Owl Capital by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company's stock valued at $196,060,000 after buying an additional 274,094 shares during the last quarter. Invesco Ltd. lifted its position in Blue Owl Capital by 17.8% during the 4th quarter. Invesco Ltd. now owns 7,595,091 shares of the company's stock worth $176,662,000 after buying an additional 1,145,886 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in Blue Owl Capital by 0.4% during the 1st quarter. Federated Hermes Inc. now owns 6,901,500 shares of the company's stock worth $138,306,000 after acquiring an additional 24,800 shares during the last quarter. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Trading Up 3.8%

Shares of NYSE:OWL traded up $0.72 during mid-day trading on Friday, reaching $19.66. The stock had a trading volume of 8,845,917 shares, compared to its average volume of 7,811,970. The firm has a 50 day simple moving average of $19.32 and a two-hundred day simple moving average of $20.02. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The firm has a market cap of $30.23 billion, a PE ratio of 218.47, a price-to-earnings-growth ratio of 1.28 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. The company had revenue of $703.11 million for the quarter, compared to analyst estimates of $642.13 million. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.6%. Blue Owl Capital's dividend payout ratio (DPR) is currently 1,000.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Raymond James Financial assumed coverage on shares of Blue Owl Capital in a research report on Monday, July 28th. They set a "market perform" rating on the stock. Oppenheimer increased their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Piper Sandler boosted their target price on Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. UBS Group decreased their price target on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.02.

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.