Requisite Capital Management LLC Boosts Stock Holdings in Blue Owl Capital Co. III (NYSE:OBDE)

Requisite Capital Management LLC grew its position in shares of Blue Owl Capital Co. III (NYSE:OBDE) by 100.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,995 shares of the company’s stock after purchasing an additional 107,996 shares during the quarter. Blue Owl Capital Co. III makes up about 0.7% of Requisite Capital Management LLC’s portfolio, making the stock its 13th biggest holding. Requisite Capital Management LLC owned 0.18% of Blue Owl Capital Co. III worth $3,171,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Trustees of Dartmouth College acquired a new stake in Blue Owl Capital Co. III in the 1st quarter valued at $82,106,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in 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 worth $29,953,000 after purchasing an additional 1,528,078 shares during the last quarter. CNA Financial Corp boosted its stake in Blue Owl Capital Co. III by 1.0% during the 2nd quarter. CNA Financial Corp now owns 1,552,259 shares of the company’s stock worth $23,237,000 after purchasing an additional 15,346 shares during the last quarter. California State Teachers Retirement System acquired a new stake in Blue Owl Capital Co. III during the 1st quarter worth $12,243,000. Finally, Transcend Capital Advisors LLC acquired a new stake in Blue Owl Capital Co. III during the 2nd quarter worth $8,649,000.

Blue Owl Capital Co. III Price Performance

OBDE traded down $0.05 on Friday, hitting $14.60. 308,323 shares of the company’s stock were exchanged, compared to its average volume of 100,696. Blue Owl Capital Co. III has a fifty-two week low of $13.60 and a fifty-two week high of $16.80. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $14.41 and a 200-day moving average price of $14.98. The stock has a market cap of $1.80 billion and a price-to-earnings ratio of 7.23.

Blue Owl Capital Co. III (NYSE:OBDE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $123.18 million for the quarter, compared to analysts’ expectations of $119.08 million. Blue Owl Capital Co. III had a net margin of 54.40% and a return on equity of 12.53%. As a group, equities analysts anticipate that Blue Owl Capital Co. III will post 1.61 earnings per share for the current year.

Blue Owl Capital Co. III Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 9.59%. Blue Owl Capital Co. III’s payout ratio is 69.31%.

Insider Activity

In related news, Director Melissa Weiler acquired 12,000 shares of Blue Owl Capital Co. III stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average cost of $14.34 per share, for a total transaction of $172,080.00. Following the acquisition, the director now owns 12,000 shares in the company, valued at approximately $172,080. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Blue Owl Capital Co. III news, Director Victor Woolridge purchased 6,830 shares of the business’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $14.64 per share, for a total transaction of $99,991.20. Following the completion of the purchase, the director now directly owns 6,830 shares of the company’s stock, valued at approximately $99,991.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Melissa Weiler purchased 12,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were acquired at an average price of $14.34 per share, for a total transaction of $172,080.00. Following the completion of the purchase, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $172,080. The disclosure for this purchase can be found here. Corporate insiders own 90.80% of the company’s stock.

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.