Blue Owl Capital Co. III (NYSE:OBDE) Sees Unusually-High Trading Volume

Blue Owl Capital Co. III (NYSE:OBDE) shares saw unusually-strong trading volume on Friday . Approximately 94,146 shares changed hands during mid-day trading, an increase of 68% from the previous session’s volume of 55,919 shares.The stock last traded at $15.08 and had previously closed at $14.99.

Analyst Upgrades and Downgrades

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

Blue Owl Capital Co. III Trading Up 0.6 %

The firm has a market capitalization of $1.86 billion and a price-to-earnings ratio of 6.60. The firm has a 50 day moving average of $15.47. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.37 and a quick ratio of 1.37.

Blue Owl Capital Co. III (NYSE:OBDE) last issued its earnings results on Wednesday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $113.45 million for the quarter, compared to analysts’ expectations of $113.94 million. On average, equities research analysts forecast that Blue Owl Capital Co. III will post 1.6 earnings per share for the current year.

Blue Owl Capital Co. III Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 9.28%. The ex-dividend date of this dividend is Thursday, June 27th. Blue Owl Capital Co. III’s payout ratio is 61.67%.

Institutional Investors Weigh In On Blue Owl Capital Co. III

Several hedge funds have recently made changes to their positions in the business. Transcend Capital Advisors LLC acquired a new position in Blue Owl Capital Co. III in the second quarter valued at $8,649,000. Confluence Investment Management LLC purchased a new stake in shares of Blue Owl Capital Co. III during the second quarter worth about $3,490,000. 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.

About Blue Owl Capital Co. III

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.