Short Interest in Blue Owl Capital Co. III (NYSE:OBDE) Increases By 833.6%

Blue Owl Capital Co. III (NYSE:OBDE) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 269,800 shares, a growth of 833.6% from the December 15th total of 28,900 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 326,900 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Blue Owl Capital Co. III

Several institutional investors have recently bought and sold shares of OBDE. Versant Capital Management Inc bought a new position in Blue Owl Capital Co. III during the fourth quarter valued at $63,000. Sunbelt Securities Inc. purchased a new position in shares of Blue Owl Capital Co. III during the 2nd quarter worth about $132,000. XTX Topco Ltd bought a new position in Blue Owl Capital Co. III during the 3rd quarter valued at about $148,000. Chicago Partners Investment Group LLC raised its position in Blue Owl Capital Co. III by 86.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 36,212 shares of the company’s stock worth $521,000 after purchasing an additional 16,838 shares during the period. Finally, Ariadne Wealth Management LP bought a new stake in Blue Owl Capital Co. III in the second quarter worth about $689,000.

Blue Owl Capital Co. III Price Performance

Shares of OBDE stock traded down $0.20 during trading hours on Monday, hitting $14.13. The stock had a trading volume of 400,692 shares, compared to its average volume of 360,882. The stock’s 50-day moving average price is $14.77 and its two-hundred day moving average price is $14.63. Blue Owl Capital Co. III has a one year low of $13.60 and a one year high of $16.80. The stock has a market capitalization of $1.74 billion and a price-to-earnings ratio of 8.03. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.76 and a quick ratio of 1.76.

Blue Owl Capital Co. III Announces Dividend

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

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.