CNA Financial Corp Has $23.24 Million Stake in Blue Owl Capital Co. III (NYSE:OBDE)

CNA Financial Corp lifted its stake in shares of Blue Owl Capital Co. III (NYSE:OBDE) by 1.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,552,259 shares of the company’s stock after buying an additional 15,346 shares during the period. Blue Owl Capital Co. III comprises about 13.0% of CNA Financial Corp’s holdings, making the stock its 2nd largest position. CNA Financial Corp’s holdings in Blue Owl Capital Co. III were worth $23,237,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. California State Teachers Retirement System bought a new stake in shares of Blue Owl Capital Co. III during the 1st quarter valued at $12,243,000. Boston Partners bought a new position in shares of Blue Owl Capital Co. III during the first quarter valued at approximately $2,676,000. Confluence Investment Management LLC bought a new position in shares of Blue Owl Capital Co. III during the second quarter valued at approximately $3,490,000. HB Wealth Management LLC purchased a new position in shares of Blue Owl Capital Co. III during the second quarter valued at approximately $1,774,000. Finally, Requisite Capital Management LLC bought a new stake in shares of Blue Owl Capital Co. III in the 1st quarter worth approximately $510,000.

Blue Owl Capital Co. III Stock Up 1.1 %

NYSE:OBDE traded up $0.16 during trading hours on Friday, reaching $14.76. 191,464 shares of the company traded hands, compared to its average volume of 93,785. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.10. The business’s 50-day moving average price is $14.62 and its two-hundred day moving average price is $15.07. Blue Owl Capital Co. III has a 1 year low of $13.60 and a 1 year high of $16.80. The stock has a market capitalization of $1.82 billion and a P/E ratio of 6.50.

Blue Owl Capital Co. III (NYSE:OBDE) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $123.18 million during the quarter, compared to analyst estimates of $119.08 million. Blue Owl Capital Co. III had a net margin of 63.33% and a return on equity of 13.62%. Analysts predict that Blue Owl Capital Co. III will post 1.6 earnings per share for the current year.

Blue Owl Capital Co. III Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.49%. The ex-dividend date is Monday, September 30th. Blue Owl Capital Co. III’s payout ratio is 61.67%.

Insider Activity

In other Blue Owl Capital Co. III news, Director Melissa Weiler acquired 12,000 shares of Blue Owl Capital Co. III stock in a transaction that occurred on Tuesday, August 20th. The stock was bought at an average cost of $14.34 per share, for a total transaction of $172,080.00. Following the acquisition, the director now owns 12,000 shares of the company’s stock, valued at $172,080. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Melissa Weiler bought 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were bought at an average price of $14.34 per share, for a total transaction of $172,080.00. Following the completion of the acquisition, the director now owns 12,000 shares of the company’s stock, valued at approximately $172,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Victor Woolridge bought 6,830 shares of the business’s stock in a transaction on Monday, August 26th. The stock was bought at an average cost of $14.64 per share, with a total value of $99,991.20. Following the transaction, the director now owns 6,830 shares in the company, valued at approximately $99,991.20. The disclosure for this purchase can be found here. Corporate insiders own 90.80% of the company’s stock.

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.