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

Blue Owl Capital Co. III (NYSE:OBDE) shares saw strong trading volume on Thursday . 207,142 shares changed hands during trading, an increase of 33% from the previous session’s volume of 156,060 shares.The stock last traded at $14.52 and had previously closed at $14.42.

Blue Owl Capital Co. III Stock Up 1.2 %

The firm’s 50 day moving average price is $14.79 and its 200-day moving average price is $14.66. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.28. The company has a market cap of $1.80 billion and a P/E ratio of 8.30.

Blue Owl Capital Co. III Dividend Announcement

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

Institutional Investors Weigh In On Blue Owl Capital Co. III

Institutional investors have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. raised 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 worth $51,384,000 after purchasing an additional 1,584,856 shares during the period. Creative Planning increased its holdings in shares of Blue Owl Capital Co. III by 277.6% in the second 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. Citigroup Inc. raised its position in shares of Blue Owl Capital Co. III by 7,952.0% during the third quarter. Citigroup Inc. now owns 355,254 shares of the company’s stock worth $5,091,000 after purchasing an additional 350,842 shares during the period. Muzinich & Co. Inc. acquired a new position in shares of Blue Owl Capital Co. III in the 3rd quarter valued at approximately $2,455,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in Blue Owl Capital Co. III during the 3rd quarter worth approximately $2,397,000.

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.