Blue Owl Capital Co. III (NYSE:OBDE) Sees Unusually-High Trading Volume – Still a Buy?

Blue Owl Capital Co. III (NYSE:OBDE) saw an uptick in trading volume on Friday . 155,983 shares were traded during mid-day trading, an increase of 26% from the previous session’s volume of 124,012 shares.The stock last traded at $14.92 and had previously closed at $14.80.

Blue Owl Capital Co. III Stock Up 0.5 %

The company has a market cap of $1.84 billion and a PE ratio of 8.44. The company’s 50 day moving average is $14.57 and its 200 day moving average is $14.80. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.28.

Blue Owl Capital Co. III Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.06 dividend. This represents a yield of 9.4%. The ex-dividend date of this dividend is Friday, May 30th. Blue Owl Capital Co. III’s dividend payout ratio is presently 79.55%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OBDE. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Blue Owl Capital Co. III by 79.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,585,744 shares of the company’s stock worth $51,384,000 after acquiring an additional 1,584,856 shares in the last quarter. California State Teachers Retirement System bought a new position in Blue Owl Capital Co. III during the 1st quarter worth about $12,243,000. Transcend Capital Advisors LLC bought a new position in Blue Owl Capital Co. III during the 2nd quarter worth about $8,649,000. Creative Planning grew its holdings in Blue Owl Capital Co. III by 277.6% during the 2nd quarter. Creative Planning now owns 514,341 shares of the company’s stock worth $7,700,000 after acquiring an additional 378,136 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in Blue Owl Capital Co. III by 7,952.0% during the 3rd quarter. Citigroup Inc. now owns 355,254 shares of the company’s stock worth $5,091,000 after acquiring an additional 350,842 shares in the last quarter.

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.