Blue Owl Capital Co. III (NYSE:OBDE) Sees Strong Trading Volume – Here’s Why

Shares of Blue Owl Capital Co. III (NYSE:OBDE) saw unusually-high trading volume on Thursday . Approximately 207,142 shares traded hands during mid-day trading, an increase of 33% from the previous session’s volume of 156,060 shares.The stock last traded at $14.52 and had previously closed at $14.42.

Blue Owl Capital Co. III Price Performance

The firm has a market cap of $1.80 billion and a price-to-earnings ratio of 8.30. The company’s fifty day moving average is $14.79 and its 200 day moving average is $14.66. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.28.

Blue Owl Capital Co. III Announces Dividend

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

Hedge Funds Weigh In On Blue Owl Capital Co. III

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

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.