Blue Owl Capital Co. III (NYSE:OBDE) Sees Unusually-High Trading Volume

Blue Owl Capital Co. III (NYSE:OBDE) shares saw unusually-high trading volume on Friday . Approximately 94,146 shares were traded during mid-day trading, an increase of 68% from the previous session’s volume of 55,919 shares.The stock last traded at $15.08 and had previously closed at $14.99.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer assumed coverage on shares of Blue Owl Capital Co. III in a research report on Wednesday, April 17th. They set an “outperform” rating and a $16.00 target price on the stock.

Blue Owl Capital Co. III Stock Performance

The company has a fifty day moving average of $15.47. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $1.86 billion and a P/E ratio of 6.60.

Blue Owl Capital Co. III (NYSE:OBDE) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The company had revenue of $113.45 million during the quarter, compared to the consensus estimate of $113.94 million. Blue Owl Capital Co. III had a net margin of 63.33% and a return on equity of 13.62%. On average, equities research analysts forecast that Blue Owl Capital Co. III will post 1.6 EPS for the current year.

Blue Owl Capital Co. III Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 9.28%. The ex-dividend date is Thursday, June 27th. Blue Owl Capital Co. III’s payout ratio is 61.67%.

Hedge Funds Weigh In On Blue Owl Capital Co. III

Large investors have recently modified their holdings of the business. Trustees of Dartmouth College acquired a new stake in shares of Blue Owl Capital Co. III during the first quarter worth $82,106,000. CNA Financial Corp acquired a new position in shares of Blue Owl Capital Co. III during the first quarter valued at about $23,546,000. California State Teachers Retirement System acquired a new position in shares of Blue Owl Capital Co. III during the first quarter valued at about $12,243,000. Transcend Capital Advisors LLC acquired a new position in shares of Blue Owl Capital Co. III during the second quarter valued at about $8,649,000. Finally, Confluence Investment Management LLC acquired a new position in shares of Blue Owl Capital Co. III during the second quarter valued at about $3,490,000.

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.