Blue Owl Capital has been on a tear, with its stock price increasing by 20% in the past quarter. This growth can be attributed to the firm's strong performance in the private equity space.
The company's focus on investing in middle-market companies has proven to be a winning strategy, with several notable exits in recent years. Blue Owl Capital's ability to identify and capitalize on opportunities in this space has been a key driver of its success.
As of the last quarter, Blue Owl Capital's assets under management (AUM) have reached $50 billion, a significant milestone for the firm. This growth in AUM is a testament to the company's ability to attract and retain top talent and build strong relationships with investors.
Blue Owl Capital's commitment to transparency and governance has also been a key factor in its success, with the firm regularly providing updates on its investment activities and performance. This level of transparency has helped to build trust with investors and stakeholders.
Financial Results
Blue Owl Capital Inc. reported a GAAP net loss of $53.3 million for Q3 2021, equating to $0.16 per share. This is a significant improvement from their net loss in Q2 2021, which was $397.2 million.
The company's assets under management exceeded $70 billion, a 13% increase from the previous quarter, driven by record gross originations of $8.8 billion. This is a testament to the company's ability to grow its assets under management.
Blue Owl declared a quarterly dividend of $0.09 per share, payable on November 30, 2021. This indicates that the company is committed to returning value to its shareholders.
2021 Q3 Results
Blue Owl Capital Inc. reported a GAAP net loss of $53.3 million for Q3 2021, which translates to $0.16 per share.
The company's assets under management exceeded $70 billion, a 13% increase from the previous quarter, driven by record gross originations of $8.8 billion.
A quarterly dividend of $0.09 per share was declared, payable on November 30, 2021.
Blue Owl Capital Inc. managed approximately $62.4 billion in assets as of June 30, 2021, and had investments in 129 portfolio companies valued at $11.9 billion.
The company's net loss for Q2 2021 was $397.2 million, but Adjusted Distributable Earnings were $108.4 million ($0.09 per share).
Blue Owl Capital's assets under management increased by 8% to $62.4 billion in Q2 2021.
A quarterly dividend of $0.04 per Class A Share was declared, payable on September 8, 2021.
Blue Owl Capital's 1-year return was 57.1%, exceeding the US Capital Markets industry which returned 34.9% over the past year.
The company's current share price is $23.26, with a 52-week high of $25.03 and a 52-week low of $14.42.
Here are the key metrics from Blue Owl Capital's Q3 2021 results:
Pricing of Senior Notes Offering
Blue Owl Capital has priced its senior notes offering, raising $350 million in 4.125% Senior Notes due 2051. These notes will be used for general corporate purposes, including potential strategic acquisitions.
The notes are guaranteed by various subsidiaries and will be sold to qualified institutional buyers and non-U.S. persons. They will not be registered under the Securities Act, meaning they cannot be sold in the U.S. without proper registration.
Blue Owl Capital managed approximately $62.4 billion in assets as of June 30, 2021, which will be used to support its financial position in the alternative asset management sector.
The company's efforts to bolster its financial position are a significant step towards its growth initiatives.
Frequently Asked Questions
Is Blue Owl Capital a good stock to buy?
According to analyst consensus, Blue Owl Capital has a Moderate Buy rating, suggesting it may be a viable investment option. However, individual results may vary, and further research is recommended before making a decision.
How does Blue Owl Capital make money?
Blue Owl Capital generates income through investments in loans and equity-related instruments that offer favorable returns, with a focus on current income and some potential for long-term growth. We target investments that balance risk and reward to deliver strong, consistent returns.
How many shares are outstanding in Blue Owl Capital?
According to Blue Owl Capital's latest financial reports, there are 575,249,883 shares outstanding. This number may be subject to change based on future stock issuances or buybacks.
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