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

Blue Owl Capital Co. III (NYSE:OBDE) shares saw an uptick in trading volume on Friday . 201,039 shares changed hands during mid-day trading, an increase of 46% from the previous session’s volume of 137,933 shares.The stock last traded at $14.87 and had previously closed at $14.91.

Blue Owl Capital Co. III Price Performance

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 50 day moving average of $14.67 and a 200 day moving average of $14.73. The firm has a market cap of $1.84 billion and a price-to-earnings ratio of 8.45.

Blue Owl Capital Co. III Dividend Announcement

The business also recently declared a — dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.06 per share. This represents a dividend yield of 9.4%. The ex-dividend date is Friday, May 30th. Blue Owl Capital Co. III’s dividend payout ratio (DPR) is 79.55%.

Institutional Investors Weigh In On Blue Owl Capital Co. III

A number of institutional investors have recently modified their holdings of OBDE. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Blue Owl Capital Co. III by 79.2% during 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 last quarter. Creative Planning lifted its position in shares of Blue Owl Capital Co. III by 277.6% during the 2nd quarter. Creative Planning now owns 514,341 shares of the company’s stock worth $7,700,000 after buying an additional 378,136 shares in the last quarter. Citigroup Inc. raised its stake in shares of Blue Owl Capital Co. III by 7,952.0% during the 3rd 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. purchased a new stake in Blue Owl Capital Co. III during the third quarter valued at about $2,455,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in Blue Owl Capital Co. III in the 3rd quarter worth about $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.