Insider Buying: Blue Owl Capital Co. III (NYSE:OBDE) Director Purchases 6,830 Shares of Stock

Blue Owl Capital Co. III (NYSE:OBDE) Director Victor Woolridge bought 6,830 shares of Blue Owl Capital Co. III stock in a transaction on Monday, August 26th. The stock was acquired at an average cost of $14.64 per share, for a total transaction of $99,991.20. Following the acquisition, the director now owns 6,830 shares in the company, valued at approximately $99,991.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Blue Owl Capital Co. III Price Performance

Shares of OBDE stock traded down $0.10 during trading hours on Tuesday, reaching $14.54. The company’s stock had a trading volume of 167,802 shares, compared to its average volume of 92,216. The firm’s 50 day simple moving average is $14.64 and its 200-day simple moving average is $15.08. The company has a market capitalization of $1.79 billion and a price-to-earnings ratio of 6.41. Blue Owl Capital Co. III has a fifty-two week low of $13.60 and a fifty-two week high of $16.80. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.10.

Blue Owl Capital Co. III Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.63%. The ex-dividend date is Monday, September 30th. Blue Owl Capital Co. III’s dividend payout ratio is presently 61.67%.

Institutional Investors Weigh In On Blue Owl Capital Co. III

A number of large investors have recently modified their holdings of OBDE. Sunbelt Securities Inc. acquired a new stake in shares of Blue Owl Capital Co. III during the 2nd quarter valued at $132,000. Gilbert & Cook Inc. acquired a new stake in shares of Blue Owl Capital Co. III during the 1st quarter valued at $229,000. Requisite Capital Management LLC acquired a new stake in shares of Blue Owl Capital Co. III during the 1st quarter valued at $510,000. Ariadne Wealth Management LP acquired a new stake in shares of Blue Owl Capital Co. III during the 2nd quarter valued at $689,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Blue Owl Capital Co. III during the 2nd quarter valued at $856,000.

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.