Blue Owl Capital Co. III (NYSE:OBDE) Sees Large Volume Increase – Time to Buy?

Blue Owl Capital Co. III (NYSE:OBDE) saw unusually-high trading volume on Monday . Approximately 238,530 shares were traded 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 Price Performance

The firm has a market capitalization of $1.81 billion and a PE ratio of 8.33. The business’s 50 day moving average is $14.51 and its two-hundred day moving average is $14.84. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.76 and a current ratio of 1.76.

Blue Owl Capital Co. III Announces Dividend

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

Insider Activity at Blue Owl Capital Co. III

In other Blue Owl Capital Co. III news, Director Victor Woolridge purchased 6,830 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were purchased at an average cost of $14.64 per share, with a total value of $99,991.20. Following the completion of the purchase, the director now owns 6,830 shares of the company’s stock, valued at $99,991.20. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Melissa Weiler acquired 12,000 shares of the stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average price of $14.34 per share, with a total value of $172,080.00. Following the completion of the acquisition, the director now owns 12,000 shares in the company, valued at approximately $172,080. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 90.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OBDE. Sunbelt Securities Inc. lifted its stake in shares of Blue Owl Capital Co. III by 17.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,331 shares of the company’s stock valued at $148,000 after acquiring an additional 1,509 shares during the last quarter. XTX Topco Ltd bought a new stake in Blue Owl Capital Co. III in the third quarter valued at approximately $148,000. Cerity Partners LLC boosted its stake 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 valued at $2,769,000 after purchasing an additional 67,254 shares during the period. Citigroup Inc. grew its holdings in shares of Blue Owl Capital Co. III by 7,952.0% in 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 last quarter. Finally, Gilbert & Cook Inc. increased 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 worth $1,294,000 after buying an additional 39,243 shares during the period.

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.