Migdal Insurance & Financial Holdings Ltd. Boosts Stock Position in Blue Owl Capital Co. III (NYSE:OBDE)

Migdal Insurance & Financial Holdings Ltd. lifted its position in Blue Owl Capital Co. III (NYSE:OBDE) by 88.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,755,457 shares of the company’s stock after purchasing an additional 3,169,713 shares during the quarter. Blue Owl Capital Co. III makes up 1.4% of Migdal Insurance & Financial Holdings Ltd.’s holdings, making the stock its 21st biggest holding. Migdal Insurance & Financial Holdings Ltd. owned 0.05% of Blue Owl Capital Co. III worth $97,414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Blue Owl Capital Co. III in the 4th quarter worth about $45,000. Versant Capital Management Inc purchased a new stake in Blue Owl Capital Co. III during the 4th quarter valued at about $63,000. XTX Topco Ltd purchased a new stake in Blue Owl Capital Co. III during the 3rd quarter valued at about $148,000. Sunbelt Securities Inc. boosted its holdings in Blue Owl Capital Co. III by 17.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,331 shares of the company’s stock valued at $148,000 after acquiring an additional 1,509 shares during the period. Finally, Accurate Wealth Management LLC purchased a new stake in Blue Owl Capital Co. III during the 4th quarter valued at about $164,000.

Blue Owl Capital Co. III Stock Performance

Shares of OBDE stock opened at $14.14 on Friday. The stock has a market capitalization of $1.74 billion and a PE ratio of 8.03. Blue Owl Capital Co. III has a 1-year low of $13.60 and a 1-year high of $16.80. The business has a 50-day moving average of $14.58 and a 200 day moving average of $14.53. 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 (NYSE:OBDE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $129.04 million during the quarter, compared to analyst estimates of $122.32 million. Blue Owl Capital Co. III had a return on equity of 11.52% and a net margin of 45.35%. As a group, sell-side analysts anticipate that Blue Owl Capital Co. III will post 1.59 earnings per share for the current year.

Blue Owl Capital Co. III Dividend Announcement

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