Blue Owl Capital Co. III (NYSE:OBDE) Sees Unusually-High Trading Volume – What’s Next?

Blue Owl Capital Co. III (NYSE:OBDE) saw unusually-high trading volume on Monday . Approximately 238,530 shares traded hands during trading, an increase of 110% from the previous session’s volume of 113,529 shares.The stock last traded at $14.68 and had previously closed at $14.66.

Blue Owl Capital Co. III Price Performance

The firm has a market capitalization of $1.81 billion and a P/E ratio of 8.36. The firm has a 50-day moving average of $14.53 and a 200-day moving average of $14.83. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.76 and a current ratio of 1.76.

Blue Owl Capital Co. III Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.35 per share. This represents a yield of 9.6%. The ex-dividend date is Tuesday, December 31st. Blue Owl Capital Co. III’s dividend payout ratio (DPR) is presently 79.55%.

Insider Activity at Blue Owl Capital Co. III

In other Blue Owl Capital Co. III news, Director Victor Woolridge bought 6,830 shares of Blue Owl Capital Co. III stock in a transaction dated Monday, August 26th. The shares were purchased at an average cost of $14.64 per share, for a total transaction of $99,991.20. Following the acquisition, the director now directly owns 6,830 shares in the company, valued at approximately $99,991.20. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Institutional Investors Weigh In On Blue Owl Capital Co. III

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OBDE. California State Teachers Retirement System purchased a new stake in Blue Owl Capital Co. III in the 1st quarter worth $12,243,000. Boston Partners acquired a new position in shares of Blue Owl Capital Co. III during the 1st quarter worth about $2,676,000. Creative Planning lifted its stake in Blue Owl Capital Co. III by 277.6% in the 2nd quarter. Creative Planning now owns 514,341 shares of the company’s stock valued at $7,700,000 after buying an additional 378,136 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Blue Owl Capital Co. III by 79.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,585,744 shares of the company’s stock worth $51,384,000 after buying an additional 1,584,856 shares during the last quarter. Finally, Pettinga Financial Advisors LLC purchased a new stake in Blue Owl Capital Co. III during the 3rd quarter worth approximately $2,218,000.

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.