Blue Owl Capital Co. III (NYSE:OBDE) Sees Unusually-High Trading Volume

Blue Owl Capital Co. III (NYSE:OBDE) saw unusually-strong trading volume on Monday . Approximately 113,293 shares changed hands during mid-day trading, an increase of 164% from the previous session’s volume of 42,987 shares.The stock last traded at $15.47 and had previously closed at $15.45.

Analyst Upgrades and Downgrades

Separately, Oppenheimer started coverage on shares of Blue Owl Capital Co. III in a research report on Wednesday, April 17th. They issued an “outperform” rating and a $16.00 price target for the company.

Blue Owl Capital Co. III Stock Performance

The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.92. The company has a market cap of $1.91 billion and a price-to-earnings ratio of 6.24. The stock’s 50 day moving average is $15.23.

Blue Owl Capital Co. III (NYSE:OBDE) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter. Blue Owl Capital Co. III had a net margin of 67.44% and a return on equity of 14.48%. The business had revenue of $111.54 million for the quarter. On average, analysts expect that Blue Owl Capital Co. III will post 1.72 EPS for the current fiscal year.

Institutional Trading of Blue Owl Capital Co. III

A number of hedge funds and other institutional investors have recently made changes to their positions in OBDE. Trustees of Dartmouth College acquired a new stake in shares of Blue Owl Capital Co. III in the first quarter worth $82,106,000. CNA Financial Corp acquired a new stake in Blue Owl Capital Co. III during the first quarter valued at $23,546,000. Requisite Capital Management LLC acquired a new stake in Blue Owl Capital Co. III during the first quarter valued at $510,000. Finally, Gilbert & Cook Inc. acquired a new stake in Blue Owl Capital Co. III during the first quarter valued at $229,000.

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.