Blue Owl Capital Co. III (NYSE:OBDE) Sees Strong Trading Volume – Here’s What Happened

Shares of Blue Owl Capital Co. III (NYSE:OBDE) saw strong trading volume on Friday . 429,278 shares were traded during trading, an increase of 195% from the previous session’s volume of 145,640 shares.The stock last traded at $15.14 and had previously closed at $14.95.

Blue Owl Capital Co. III Stock Performance

The company’s 50-day simple moving average is $14.71 and its 200-day simple moving average is $14.66. The stock has a market capitalization of $1.86 billion and a price-to-earnings ratio of 8.55. 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 Dividend Announcement

The business also recently announced a — dividend, which will be paid on Friday, June 13th. Investors 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 dividend payout ratio is currently 79.55%.

Institutional Investors Weigh In On Blue Owl Capital Co. III

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Blue Owl Capital Co. III by 79.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,585,744 shares of the company’s stock valued at $51,384,000 after acquiring an additional 1,584,856 shares during the last quarter. Creative Planning boosted its stake in shares of 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 purchasing an additional 378,136 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Blue Owl Capital Co. III by 7,952.0% in the 3rd quarter. Citigroup Inc. now owns 355,254 shares of the company’s stock valued at $5,091,000 after purchasing an additional 350,842 shares during the last quarter. Muzinich & Co. Inc. acquired a new stake in shares of Blue Owl Capital Co. III during the third quarter worth $2,455,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in Blue Owl Capital Co. III during the third quarter worth $2,397,000.

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.