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

Blue Owl Capital Co. III (NYSE:OBDE) saw unusually-high trading volume on Friday . Approximately 155,983 shares changed hands during trading, an increase of 26% from the previous session’s volume of 124,012 shares.The stock last traded at $14.92 and had previously closed at $14.80.

Blue Owl Capital Co. III Trading Up 0.5 %

The company has a market cap of $1.84 billion and a PE ratio of 8.44. The stock’s 50 day moving average is $14.57 and its 200-day moving average is $14.80. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.28.

Blue Owl Capital Co. III Announces Dividend

The company also recently announced a — dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.06 dividend. This represents a dividend yield of 9.4%. The ex-dividend date of this dividend 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

Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System purchased a new stake in shares of Blue Owl Capital Co. III in the first quarter valued at $12,243,000. Boston Partners purchased a new stake in shares of Blue Owl Capital Co. III in the first quarter valued at $2,676,000. Creative Planning raised its stake 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 valued at $7,700,000 after acquiring an additional 378,136 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of 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 period. Finally, Gilbert & Cook Inc. raised its stake in shares of Blue Owl Capital Co. III by 76.8% in the third 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.