Blue Owl Capital Co. III (NYSE:OBDE) Sees Large Volume Increase – Here’s Why

Blue Owl Capital Co. III (NYSE:OBDE) saw unusually-strong trading volume on Friday . Approximately 155,983 shares traded hands during mid-day 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 Stock Up 0.5 %

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 stock has a market cap of $1.84 billion and a PE ratio of 8.45. The company has a 50 day moving average price of $14.57 and a two-hundred day moving average price of $14.78.

Blue Owl Capital Co. III Dividend Announcement

The business also recently announced a — dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.06 per share. This represents a 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 Trading of Blue Owl Capital Co. III

A number of large investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. boosted its holdings in Blue Owl Capital Co. III by 17.1% in the third quarter. Sunbelt Securities Inc. now owns 10,331 shares of the company’s stock worth $148,000 after purchasing an additional 1,509 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Blue Owl Capital Co. III in the 3rd quarter worth $148,000. Cerity Partners LLC grew its holdings in shares of Blue Owl Capital Co. III by 53.4% in the third quarter. Cerity Partners LLC now owns 193,256 shares of the company’s stock worth $2,769,000 after acquiring an additional 67,254 shares during the period. Citigroup Inc. increased its position in Blue Owl Capital Co. III by 7,952.0% during the third quarter. Citigroup Inc. now owns 355,254 shares of the company’s stock valued at $5,091,000 after acquiring an additional 350,842 shares during the last quarter. Finally, Gilbert & Cook Inc. lifted its holdings in 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.