Blue Owl Capital Co. III (NYSE:OBDE) Sees Strong Trading Volume – What’s Next?

Blue Owl Capital Co. III (NYSE:OBDE) saw unusually-strong 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 $1.81 billion and a P/E ratio of 8.36. The business’s fifty day simple moving average is $14.80 and its 200-day simple moving average is $14.66. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.28.

Blue Owl Capital Co. III Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Friday, June 13th. Investors 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 payout ratio is 79.55%.

Institutional Investors Weigh In On Blue Owl Capital Co. III

Institutional investors and hedge funds have recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in Blue Owl Capital Co. III during the 4th quarter worth approximately $63,000. Sunbelt Securities Inc. purchased a new position in shares of Blue Owl Capital Co. III during the 2nd quarter valued at $132,000. XTX Topco Ltd purchased a new position in shares of Blue Owl Capital Co. III during the 3rd quarter valued at $148,000. Chicago Partners Investment Group LLC increased its holdings in shares of Blue Owl Capital Co. III by 86.9% in the third quarter. Chicago Partners Investment Group LLC now owns 36,212 shares of the company’s stock worth $521,000 after purchasing an additional 16,838 shares during the period. Finally, Ariadne Wealth Management LP purchased a new stake in shares of Blue Owl Capital Co. III in the second quarter worth $689,000.

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.