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

Blue Owl Capital Co. III (NYSE:OBDE) shares saw unusually-strong trading volume on Monday . Approximately 132,149 shares changed hands during trading, an increase of 45% from the previous session’s volume of 91,091 shares.The stock last traded at $14.67 and had previously closed at $14.53.

Blue Owl Capital Co. III Stock Down 0.3 %

The stock has a market capitalization of $1.79 billion and a price-to-earnings ratio of 6.39. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.10. The firm has a 50-day moving average of $14.63 and a two-hundred day moving average of $15.07.

Blue Owl Capital Co. III Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 9.66%. The ex-dividend date is Monday, September 30th. Blue Owl Capital Co. III’s payout ratio is 61.67%.

Insider Activity at Blue Owl Capital Co. III

In other news, Director Victor Woolridge bought 6,830 shares of the company’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $14.64 per share, with a total value of $99,991.20. Following the transaction, the director now directly owns 6,830 shares in the company, valued at approximately $99,991.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Melissa Weiler bought 12,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were bought at an average cost of $14.34 per share, with a total value of $172,080.00. Following the transaction, the director now directly owns 12,000 shares in the company, valued at approximately $172,080. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Victor Woolridge bought 6,830 shares of the company’s stock in a transaction on Monday, August 26th. The stock was purchased at an average cost of $14.64 per share, for a total transaction of $99,991.20. Following the completion of the transaction, the director now owns 6,830 shares in the company, valued at $99,991.20. The disclosure for this purchase can be found here. 90.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Trustees of Dartmouth College acquired a new position in shares of Blue Owl Capital Co. III during the 1st quarter valued at about $82,106,000. CNA Financial Corp acquired a new position in shares of Blue Owl Capital Co. III during the 1st quarter valued at about $23,546,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Blue Owl Capital Co. III by 323.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,000,888 shares of the company’s stock valued at $29,953,000 after acquiring an additional 1,528,078 shares during the last quarter. California State Teachers Retirement System bought a new stake in Blue Owl Capital Co. III during the 1st quarter valued at approximately $12,243,000. Finally, Transcend Capital Advisors LLC bought a new stake in Blue Owl Capital Co. III during the 2nd quarter valued at approximately $8,649,000.

Blue Owl Capital Co. III Company Profile

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.