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

Shares of Blue Owl Capital Co. III (NYSE:OBDE) saw unusually-high trading volume on Friday . Approximately 201,039 shares changed hands during trading, an increase of 46% from the previous session’s volume of 137,933 shares.The stock last traded at $14.87 and had previously closed at $14.91.

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 has a market cap of $1.84 billion and a price-to-earnings ratio of 8.45. The company’s 50-day simple moving average is $14.67 and its 200-day simple moving average is $14.73.

Blue Owl Capital Co. III Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OBDE. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Blue Owl Capital Co. III by 79.2% in the third 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. Creative Planning increased its position in Blue Owl Capital Co. III by 277.6% in the 2nd 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 in the last quarter. Citigroup Inc. raised its stake in shares of Blue Owl Capital Co. III by 7,952.0% in the third quarter. Citigroup Inc. now owns 355,254 shares of the company’s stock worth $5,091,000 after acquiring an additional 350,842 shares during the last quarter. Muzinich & Co. Inc. acquired a new position in shares of Blue Owl Capital Co. III during the third quarter worth approximately $2,455,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Blue Owl Capital Co. III during the third quarter valued at 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.