Levin Capital Strategies L.P. raised its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL – Free Report) by 42.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,500 shares of the company’s stock after buying 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 reporting period.
Several other institutional investors also recently bought and sold shares of the business. Capital World Investors raised its stake in shares of Blue Owl Capital by 5.9% in the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock valued at $1,348,272,000 after acquiring an additional 5,029,134 shares during the period. Vanguard Group Inc. increased its holdings in Blue Owl Capital by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock valued at $1,025,016,000 after purchasing an additional 691,980 shares in the last quarter. Capital International Investors increased its holdings in Blue Owl Capital by 4.3% in the 4th quarter. Capital International Investors now owns 65,402,615 shares of the company’s stock valued at $977,118,000 after purchasing an additional 2,676,281 shares in the last quarter. Bank of America Corp DE increased its holdings in Blue Owl Capital by 8.4% in the 3rd quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock valued at $382,008,000 after purchasing an additional 1,751,024 shares in the last quarter. Finally, Boston Partners raised its position in Blue Owl Capital by 16.2% in the fourth quarter. Boston Partners now owns 14,123,877 shares of the company’s stock valued at $211,270,000 after purchasing an additional 1,970,101 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.
Blue Owl Capital Price Performance
Shares of OWL stock opened at $9.16 on Thursday. The company’s fifty day moving average price is $9.50 and its two-hundred day moving average price is $10.64. The firm has a market capitalization 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. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $20.68.
Blue Owl Capital Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a $0.23 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend was Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 766.67%.
Analyst Upgrades and Downgrades
OWL has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their price objective on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. TD Cowen reiterated a “buy” rating and issued a $14.00 target price on shares of Blue Owl Capital in a research note on Monday, May 18th. Citizens Jmp dropped their target price on Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating on the stock in a report on Thursday, July 9th. BMO Capital Markets reduced their price target on Blue Owl Capital from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Finally, Oppenheimer decreased their price target on Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.16.
Check Out Our Latest Stock Report on Blue Owl Capital
Blue Owl Capital Company Profile
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.
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