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

Blue Owl Capital Co. III (NYSE:OBDE) saw unusually-high trading volume on Monday . Approximately 238,530 shares changed hands during mid-day trading, an increase of 110% from the previous session’s volume of 113,529 shares.The stock last traded at $14.68 and had previously closed at $14.66.

Blue Owl Capital Co. III Trading Down 0.2 %

The company has a debt-to-equity ratio of 1.28, a current ratio of 1.76 and a quick ratio of 1.76. The business’s 50-day simple moving average is $14.53 and its two-hundred day simple moving average is $14.83. The stock has a market capitalization of $1.81 billion and a price-to-earnings ratio of 8.36.

Blue Owl Capital Co. III Announces Dividend

The firm also recently declared a — dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 9.6%. Blue Owl Capital Co. III’s dividend payout ratio (DPR) is 79.55%.

Insider Buying and Selling at Blue Owl Capital Co. III

In other news, Director Victor Woolridge bought 6,830 shares of Blue Owl Capital Co. III stock in a transaction dated Monday, August 26th. The shares were acquired at an average cost of $14.64 per share, with a total value of $99,991.20. Following the completion of the transaction, the director now owns 6,830 shares in the company, valued at approximately $99,991.20. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of Blue Owl Capital Co. III

Several hedge funds and other institutional investors have recently bought and sold shares of OBDE. Sunbelt Securities Inc. grew its stake 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 worth $148,000 after buying an additional 1,509 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Blue Owl Capital Co. III during the third quarter valued at approximately $148,000. Cerity Partners LLC boosted its position in shares of Blue Owl Capital Co. III by 53.4% during the third quarter. Cerity Partners LLC now owns 193,256 shares of the company’s stock worth $2,769,000 after buying an additional 67,254 shares during the period. Citigroup Inc. grew its holdings in 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 worth $5,091,000 after buying an additional 350,842 shares in the last quarter. Finally, Gilbert & Cook Inc. increased its position in Blue Owl Capital Co. III by 76.8% in the 3rd quarter. Gilbert & Cook Inc. now owns 90,320 shares of the company’s stock valued at $1,294,000 after acquiring an additional 39,243 shares during the period.

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.