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

Blue Owl Capital Co. III (NYSE:OBDE) shares saw unusually-strong trading volume on Friday . Approximately 71,688 shares traded hands during mid-day trading, a decline of 28% from the previous session’s volume of 99,381 shares.The stock last traded at $14.74 and had previously closed at $14.65.

Blue Owl Capital Co. III Price Performance

The company has a debt-to-equity ratio of 1.27, a current ratio of 1.05 and a quick ratio of 1.05. The company’s 50-day simple moving average is $14.40 and its 200-day simple moving average is $14.98. The company has a market cap of $1.80 billion and a price-to-earnings ratio of 7.28.

Blue Owl Capital Co. III (NYSE:OBDE) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Blue Owl Capital Co. III had a net margin of 54.40% and a return on equity of 12.53%. The business had revenue of $123.18 million during the quarter, compared to the consensus estimate of $119.08 million. On average, equities research analysts anticipate that Blue Owl Capital Co. III will post 1.61 EPS for the current year.

Blue Owl Capital Co. III Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.58%. The ex-dividend date is Monday, September 30th. Blue Owl Capital Co. III’s payout ratio is currently 69.31%.

Insider Transactions at Blue Owl Capital Co. III

In other Blue Owl Capital Co. III news, Director Victor Woolridge acquired 6,830 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was purchased at an average price of $14.64 per share, with a total value of $99,991.20. Following the completion of the acquisition, the director now directly owns 6,830 shares in the company, valued at $99,991.20. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Blue Owl Capital Co. III news, Director Melissa Weiler acquired 12,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was purchased 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 directly owns 12,000 shares in the company, valued at $172,080. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Victor Woolridge acquired 6,830 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was acquired at an average cost of $14.64 per share, with a total value of $99,991.20. Following the acquisition, the director now owns 6,830 shares of the company’s stock, valued at $99,991.20. The disclosure for this purchase can be found here. Corporate insiders own 90.80% of the company’s stock.

Institutional Investors Weigh In On Blue Owl Capital Co. III

A number of hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new stake in Blue Owl Capital Co. III in the second quarter valued at $132,000. Gilbert & Cook Inc. bought a new stake in shares of Blue Owl Capital Co. III during the first quarter valued at about $229,000. CNA Financial Corp raised its stake in shares of Blue Owl Capital Co. III by 1.0% during the second quarter. CNA Financial Corp now owns 1,552,259 shares of the company’s stock valued at $23,237,000 after purchasing an additional 15,346 shares in the last quarter. Gries Financial LLC raised its stake in shares of Blue Owl Capital Co. III by 85.0% during the second quarter. Gries Financial LLC now owns 57,445 shares of the company’s stock valued at $860,000 after purchasing an additional 26,392 shares in the last quarter. Finally, Requisite Capital Management LLC bought a new stake in shares of Blue Owl Capital Co. III during the first quarter valued at about $510,000.

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.