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

Blue Owl Capital Co. III (NYSE:OBDE) shares saw unusually-strong trading volume on Friday . Approximately 625,167 shares traded hands during mid-day trading, an increase of 311% from the previous session’s volume of 152,000 shares.The stock last traded at $15.24 and had previously closed at $15.19.

Blue Owl Capital Co. III Stock Up 0.4 %

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 business has a 50-day simple moving average of $14.77 and a 200-day simple moving average of $14.66. The stock has a market cap of $1.88 billion and a P/E ratio of 8.66.

Blue Owl Capital Co. III Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.06 per share. This represents a dividend yield of 9.4%. The ex-dividend date is Friday, May 30th. Blue Owl Capital Co. III’s dividend payout ratio is currently 79.55%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning boosted its holdings in Blue Owl Capital Co. III by 277.6% during the second quarter. Creative Planning now owns 514,341 shares of the company’s stock valued at $7,700,000 after acquiring an additional 378,136 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Blue Owl Capital Co. III by 79.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,585,744 shares of the company’s stock worth $51,384,000 after purchasing an additional 1,584,856 shares during the last quarter. Gilbert & Cook Inc. boosted its stake in Blue Owl Capital Co. III by 76.8% during the 3rd quarter. Gilbert & Cook Inc. now owns 90,320 shares of the company’s stock valued at $1,294,000 after purchasing an additional 39,243 shares during the period. Pettinga Financial Advisors LLC acquired a new stake in Blue Owl Capital Co. III in the 3rd quarter valued at approximately $2,218,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in Blue Owl Capital Co. III in the 3rd quarter worth approximately $2,397,000.

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.