Blue Owl Capital Co. III (NYSE:OBDE) Sees Strong Trading Volume

Shares of Blue Owl Capital Co. III (NYSE:OBDEGet Free Report) saw unusually-strong trading volume on Thursday . Approximately 22,833 shares were traded during mid-day trading, a decline of 42% from the previous session’s volume of 39,371 shares.The stock last traded at $15.22 and had previously closed at $15.30.

Analyst Ratings Changes

Separately, Oppenheimer started coverage on Blue Owl Capital Co. III in a report on Wednesday, April 17th. They issued an “outperform” rating and a $16.00 target price on the stock.

Get Our Latest Stock Report on OBDE

Blue Owl Capital Co. III Stock Down 0.2 %

The company has a 50 day moving average price of $15.60. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $1.86 billion and a PE ratio of 6.64.

Blue Owl Capital Co. III (NYSE:OBDEGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Blue Owl Capital Co. III had a return on equity of 13.62% and a net margin of 63.33%. The company had revenue of $113.45 million during the quarter, compared to the consensus estimate of $113.94 million. Equities analysts predict that Blue Owl Capital Co. III will post 1.6 earnings per share for the current fiscal year.

Blue Owl Capital Co. III Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 9.28%. The ex-dividend date of this dividend is Friday, June 28th. Blue Owl Capital Co. III’s dividend payout ratio (DPR) is currently 61.67%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OBDE. Gilbert & Cook Inc. purchased a new stake in shares of Blue Owl Capital Co. III during the first quarter worth about $229,000. Requisite Capital Management LLC purchased a new stake in shares of Blue Owl Capital Co. III during the first quarter worth about $510,000. Boston Partners purchased a new stake in shares of Blue Owl Capital Co. III during the first quarter worth about $2,676,000. California State Teachers Retirement System purchased a new stake in shares of Blue Owl Capital Co. III during the first quarter worth about $12,243,000. Finally, CNA Financial Corp purchased a new stake in shares of Blue Owl Capital Co. III during the first quarter worth about $23,546,000.

Blue Owl Capital Co. III Company Profile

(Get Free Report)

Blue Owl Capital Corporation is a specialty finance company focused on lending to U.S. middle-market companies. Blue Owl Capital Corporation is based in NEW YORK.

Further Reading

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