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

Shares of Blue Owl Capital Co. III (NYSE:OBDE) saw an uptick in trading volume on Friday . 625,167 shares were traded during trading, an increase of 311% from the previous session’s volume of 152,000 shares.The stock last traded at $15.24 and had previously closed at $15.19.

Blue Owl Capital Co. III Trading Up 0.6 %

The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $1.88 billion and a PE ratio of 8.68. The stock’s fifty day moving average price is $14.76 and its two-hundred day moving average price is $14.67.

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 issued a $0.06 dividend. This represents a yield of 9.4%. The ex-dividend date is Friday, May 30th. Blue Owl Capital Co. III’s dividend payout ratio (DPR) is currently 79.55%.

Hedge Funds Weigh In On Blue Owl Capital Co. III

Hedge funds have recently made changes to their positions in the business. Creative Planning lifted its stake in 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 during the period. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Blue Owl Capital Co. III by 79.2% in the 3rd 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 in the last quarter. Gilbert & Cook Inc. lifted its position in shares of 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 worth $1,294,000 after purchasing an additional 39,243 shares during the period. Pettinga Financial Advisors LLC bought a new stake in shares of Blue Owl Capital Co. III during the 3rd quarter valued at about $2,218,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Blue Owl Capital Co. III during the third quarter valued at 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.