First National Trust Co Acquires New Shares in Blue Owl Capital Co. III (NYSE:OBDE)

First National Trust Co bought a new position in shares of Blue Owl Capital Co. III (NYSE:OBDE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 66,534 shares of the company’s stock, valued at approximately $996,000. First National Trust Co owned about 0.05% of Blue Owl Capital Co. III at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Gilbert & Cook Inc. bought a new position in Blue Owl Capital Co. III during the 1st quarter worth approximately $229,000. CNA Financial Corp boosted its position in shares of Blue Owl Capital Co. III by 1.0% during the second 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 in the last quarter. Requisite Capital Management LLC acquired a new position in shares of Blue Owl Capital Co. III in the 1st quarter valued at $510,000. HB Wealth Management LLC acquired a new stake in Blue Owl Capital Co. III during the 2nd quarter worth $1,774,000. Finally, Boston Partners acquired a new stake in Blue Owl Capital Co. III during the 1st quarter worth $2,676,000.

Insider Activity at Blue Owl Capital Co. III

In other news, Director Melissa Weiler purchased 12,000 shares of Blue Owl Capital Co. III stock in a transaction on Tuesday, August 20th. The stock was purchased at an average price 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 is available at the SEC website. In other Blue Owl Capital Co. III news, Director Melissa Weiler purchased 12,000 shares of the stock in a transaction 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 purchase, the director now owns 12,000 shares of the company’s stock, valued at $172,080. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Victor Woolridge acquired 6,830 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $14.64 per share, with a total value of $99,991.20. Following the acquisition, the director now directly 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.

Blue Owl Capital Co. III Stock Down 0.1 %

NYSE:OBDE opened at $14.52 on Thursday. The stock has a market cap of $1.79 billion and a price-to-earnings ratio of 6.40. 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 stock has a 50-day moving average price of $14.60 and a two-hundred day moving average price of $15.07. Blue Owl Capital Co. III has a 1 year low of $13.60 and a 1 year high of $16.80.

Blue Owl Capital Co. III (NYSE:OBDE) last posted its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $123.18 million during the quarter, compared to analysts’ expectations of $119.08 million. Blue Owl Capital Co. III had a return on equity of 12.53% and a net margin of 54.40%. As a group, equities analysts expect 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 disclosed 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 of this dividend is Monday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 9.64%. Blue Owl Capital Co. III’s dividend payout ratio is currently 61.67%.

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.