Blue Owl Capital Co. III (NYSE:OBDE) Sees Unusually-High Trading Volume – Should You Buy?

Blue Owl Capital Co. III (NYSE:OBDE) shares saw strong trading volume on Friday . 429,278 shares traded hands during trading, an increase of 195% from the previous session’s volume of 145,640 shares.The stock last traded at $15.14 and had previously closed at $14.95.

Blue Owl Capital Co. III Stock Performance

The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.28. The stock’s 50-day moving average price is $14.70 and its 200 day moving average price is $14.68. The company has a market cap of $1.86 billion and a P/E ratio of 8.56.

Blue Owl Capital Co. III Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.06 dividend. This represents a dividend 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. lifted its holdings in shares of Blue Owl Capital Co. III by 17.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,331 shares of the company’s stock worth $148,000 after acquiring an additional 1,509 shares during the period. Stephens Inc. AR increased its stake in Blue Owl Capital Co. III by 6.0% in the third quarter. Stephens Inc. AR now owns 60,161 shares of the company’s stock valued at $862,000 after purchasing an additional 3,385 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Blue Owl Capital Co. III during the 3rd quarter valued at about $148,000. CNA Financial Corp increased its position 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 worth $23,237,000 after acquiring an additional 15,346 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in Blue Owl Capital Co. III by 86.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 36,212 shares of the company’s stock valued at $521,000 after acquiring an additional 16,838 shares in the last quarter.

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.